Morgan Stanley lowered the firm’s price target on Pinterest (PINS) to $27 from $35 and keeps an Overweight rating on the shares. Following “disappointing” Q4 results and guidance on February 12, the firm notes that the company is facing more challenges scaling and diversifying its advertiser base across a wider variety of advertisers. The firm lowered its FY26 and FY27 adjusted EBITDA estimates by 9% and 13%, respectively.
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