Pinterest price target lowered to $34 from $39 at Roth Capital

Roth Capital lowered the firm’s price target on Pinterest (PINS) to $34 from $39 and keeps a Neutral rating on the shares after its Q3 earnings miss. The company whiffed against rising Q3 and Q4 expectations amidst strong online advertising backdrop implied by Big Three and Reddit (RDDT) earnings last week, with its trends for the second half of the year suggesting moderating fundamentals and slower y/y margin expansion, the analyst tells investors in a research note. The stock should remain range-bound pending a clear path to re-accelerating revenue growth in the first half of 2026, the firm added.