Pinterest price target raised to $30 from $24 at Oppenheimer

Oppenheimer raised the firm’s price target on Pinterest (PINS) to $30 from $24 and keeps an Outperform rating on the shares. The firm notes the company reported revenue 5%/4% above Oppenheimer and Street estimates, 15% year-over-year ex-FX vs. Q4’s 13% on partial large retailer recovery via increased performance adoption late Q1. These retailers had been impacted from tariffs for most of 2025, potentially creating a tailwind for 2026. However, Pinterest is still guiding to a two-point organic slowdown in the Q2 excluding foreign exchange, even while coming in 4%/3% above Oppenheimer and Street estimates. That gap signals limited confidence in a full rebound and, in turn, caps near-term multiple expansion, adds the firm.