Pinterest price target lowered to $18 from $34 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Pinterest (PINS) to $18 from $34 and keeps an Overweight rating on the shares. Pinterest reported Q4 revenues and EBITDA slightly below estimates, with Q1 guidance implying a 350 basis point slowdown in revenue growth and about 200bps compression in EBITDA margin due to AI and sales investments, the analyst tells investors in a research note. Management highlighted stronger-than-expected headwinds from large advertisers and near-term pressure from a sales reorganization, leaving the short-term outlook uncertain, the firm says.