Pinterest, the Communication Services sector company, was revisited by a Wall Street analyst today. Analyst John Blackledge from TD Cowen maintained a Buy rating on the stock and has a $44.00 price target.
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John Blackledge has given his Buy rating due to a combination of factors including strong projected revenue and EBITDA growth for Pinterest. The company is expected to see a 16.6% year-over-year increase in revenue for the third quarter of 2025, driven by user growth and enhanced monetization through new advertising tools like Performance+. Additionally, international ad revenue is anticipated to ramp up, contributing to this growth.
Blackledge also highlights the robust growth in ad spend on Pinterest, which rose by 63% year-over-year in the third quarter of 2025. This growth is supported by a significant uptake in Pinterest’s Performance+ campaign tools, which have been adopted by many advertisers. Furthermore, Pinterest’s new ad products and tools, such as the Top of Search ads, are expected to enhance its advertising capabilities, reinforcing the Buy rating with a price target of $44.
According to TipRanks, Blackledge is a 5-star analyst with an average return of 12.7% and a 57.93% success rate. Blackledge covers the Communication Services sector, focusing on stocks such as Alphabet Class C, Match Group, and Meta Platforms.
In another report released on October 14, Bank of America Securities also maintained a Buy rating on the stock with a $44.00 price target.