Shopify, TSMC, Pinterest, NCLH, Zscaler Trending With Analysts

Analysts are intrested in these 5 stocks: ( (SHOP) ), ( (TSM) ), ( (PINS) ), ( (NCLH) ) and ( (ZS) ). Here is a breakdown of their recent ratings and the rationale behind them.

Shopify is back in favor with analysts as John Shao upgrades SHOP to Buy, calling the recent 10% intraday drop and 30% slide year-to-date an attractive entry into what he views as the modern backbone of e-commerce. He argues that fundamentals remain strong, with tax-related margin noise unlikely to derail growth and estimates now moving higher.

Valuation is a key part of the bull case, with the stock trading at about 9.9x next-twelve-month EV/Sales, well below its one- to three-year averages, levels previously seen only during temporary shocks. Shao also highlights downside protection from a new $2 billion buyback and Shopify’s deep integration with major AI platforms, while seeing long-term upside as the company builds goodwill by prioritizing merchant economics over quick AI monetization.

TSMC arrives on investors’ radar with fresh coverage from Gil Luria, who initiates the chip giant at Buy with a $450 target, framing it as the clear leader in advanced semiconductor manufacturing for the AI era. The thesis centers on a powerful “execution moat,” where TSMC consistently turns cutting-edge designs into reliable high-volume production that top customers like Apple, Nvidia, and AMD depend on.

Luria points to the ramp of N2 and A16 process nodes and TSMC’s crucial position in advanced packaging, a chokepoint for AI accelerators such as Nvidia’s Blackwell and Rubin. While he acknowledges Taiwan geopolitical risk as the one factor that could overwhelm fundamentals, he pairs the bullish call with a suggested hedge using defense, commodities, and tooling names, arguing that core demand and pricing power still strongly favor TSMC.

Pinterest, by contrast, faces a wave of caution as three major analysts—Colin Sebastian, Justin Post, and Ronald Josey—simultaneously downgrade PINS to Hold or Neutral. All three flag the same problem: monetization is lagging even as user growth and engagement are solid, with more than 619 million monthly active users, over half of them Gen Z, and strong AI-driven product improvements.

Sebastian sees ongoing weakness from large advertisers and disruption from a sales reorganization, leading him to expect range-bound shares until growth and margins stabilize, likely in the second half of 2026. Post cites a widening growth gap versus bigger ad platforms whose AI tools are attracting budgets, while Josey focuses on tariff-related pressure, a rebuilt go-to-market strategy that will take time to show results, and higher investments that weigh on margins—all reasons they now see risk and reward as more balanced.

Norwegian Cruise Line is also hitting choppy waters, with analyst Matthew Boss cutting NCLH to Neutral and trimming his price target to $20 after a high-profile CEO change. Longtime director and turnaround specialist John Chidsey steps in as president and CEO following Harry Sommer’s departure, with the board positioning him as a proven consumer brand leader tasked with boosting execution and reducing leverage.

Boss remains cautious despite management’s reassurance that recent results should meet guidance, pointing to a third downward revision to 2026 net yield expectations and softer close-in demand. He also flags execution risk as the company shifts toward a premium family focus and more Caribbean deployments, noting that leverage remains elevated and that yield growth could trail peers during this transition.

In cybersecurity, Zscaler gets a fresh vote of confidence as Peter Weed upgrades ZS to Buy, even while acknowledging growth is likely to slow below 20% over the next several years. He still sees a healthy business with retention in the high 90s, strong net revenue retention above 115%, and ongoing customer wins, supported rather than threatened by AI trends.

The key driver of the upgrade is valuation: Weed now calls Zscaler the “cheapest” name in the space on a growth-adjusted basis, arguing the stock has become “massively washed out” versus other security vendors. With a new $228 price target based on blended revenue multiples and discounted cash flow, he believes even a standard beat-and-raise cycle could unlock 35% upside as the name re-rates closer to fair value.