Pinterest price target lowered to $27 from $35 at Wells Fargo

Wells Fargo analyst Ken Gawrelski lowered the firm’s price target on Pinterest (PINS) to $27 from $35 and keeps an Overweight rating on the shares. The firm says that as it feared post the January 27 restructuring announcement, Pinterest reduced revenue guidance for Q1/2026 on weakness in endemic ad categories and a sales leadership change. Headcount reductions partially offset the margin impact, but estimates still fall, Wells adds.