Pinterest (PINS)
NYSE:PINS
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(NYSE:PINS)
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Rating:68Neutral
Price Target:
$21.00
▲(12.42% Upside)
Action:ReiteratedDate:03/05/26
The score is driven primarily by strong financial quality (high margins, low leverage, and strong free-cash-flow generation) and a generally constructive earnings outlook despite acknowledged near-term monetization and execution headwinds. These positives are materially offset by weak technicals (price below key moving averages with negative MACD) and a relatively expensive valuation (high P/E with no dividend support).
Positive Factors
Free Cash Flow Strength
Consistently rising free cash flow and near-100% conversion show durable cash generation that funds investment, buybacks, and AI capacity without reliance on new debt. This underpins capital flexibility and resilience through revenue cycles over the next 2–6 months and beyond.
Negative Factors
Ad Pricing Decline
A 19% year-over-year decline in ad pricing signals structural pricing pressure from mix shift to under-monetized markets and product mix. Persistently lower CPMs could compress revenue growth and require sustained product and sales improvements to restore pricing power over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Strength
Consistently rising free cash flow and near-100% conversion show durable cash generation that funds investment, buybacks, and AI capacity without reliance on new debt. This underpins capital flexibility and resilience through revenue cycles over the next 2–6 months and beyond.
Read all positive factors
Pinterest (PINS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$11.97B
Dividend YieldN/A
Average Volume (3M)23.59M
Price to Earnings (P/E)41.9
Beta (1Y)1.43
Revenue Growth16.79%
EPS Growth819.94%
CountryUS
Employees4,778
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)0.67
Shares Outstanding561,140,100
10 Day Avg. Volume20,627,058
30 Day Avg. Volume23,587,603
Financial Highlights & Ratios
PEG Ratio-0.54
Price to Book (P/B)3.68
Price to Sales (P/S)4.14
P/FCF Ratio13.95
Enterprise Value/Market Cap0.95
Enterprise Value/Revenue2.70
Enterprise Value/Gross Profit3.37
Enterprise Value/Ebitda28.35
Forecast
1Y Price Target
$24.05Price Target Upside28.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering32
EPS Forecast (FY)1.78
Revenue Forecast (FY)$4.75B
Pinterest Business Overview & Revenue Model
Company Description
Pinterest, Inc. operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and provides vi...
How the Company Makes Money
Pinterest generates revenue primarily through advertising, offering various ad formats such as promoted pins, video ads, and shopping ads. These ads are integrated within users' feeds and are designed to blend seamlessly with organic content, enha...
Pinterest Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, showing where Pinterest is strongest and where it may face risk or growth opportunities due to local market dynamics.
Breaks down revenue across different regions, showing where Pinterest is strongest and where it may face risk or growth opportunities due to local market dynamics.
Data provided by:
The Fly
The FlyPinterest Earnings Call Summary
Earnings Call Date:Feb 12, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 23, 2026
Earnings Call Sentiment Positive
Overall the call presents strong fundamental and product-driven momentum — notable user growth, engagement, AI-led product improvements, impressive profitability and cash generation — but balanced by meaningful near-term monetization challenges: tariff-driven retail pullbacks, a decline in ad pricing, and an ongoing sales/go-to-market transformation that may cause short-term disruption. Management is taking active steps (leadership hires, restructuring, measurement integrations, and an acquisition to expand channels) to address the mix and monetization issues. Given the combination of durable engagement/AI advantages and solid financial footing versus manageable but material near-term revenue headwinds, the tone is constructive with optimism about the path forward.Positive Updates
Record High Global Users
Ended Q4 2025 with 619,000,000 MAUs, up 12% year-over-year, marking the 10th consecutive quarter of record high users; UCAN MAUs reached 105,000,000.
Negative Updates
Q4 Revenue Shortfall and Tariff Impact
Management stated dissatisfaction with Q4 revenue growth; tariffs (notably new furniture tariff in October) led to an exogenous shock that disproportionately impacted advertising spend from large retail advertisers and pressured revenue, including through second-order cross-border effects into Europe.
Read all updates
Q4-2025 Updates
Positive
Negative
Record High Global Users
Ended Q4 2025 with 619,000,000 MAUs, up 12% year-over-year, marking the 10th consecutive quarter of record high users; UCAN MAUs reached 105,000,000.
Read all positive updates
Company Guidance
Pinterest guided Q1 2026 revenue of $951–$971 million (up 11%–14% year‑over‑year), excluding any TV Scientific impact and assuming roughly a 3‑point FX tailwind, with Q1 adjusted EBITDA of $166–$186 million and non‑GAAP cost of revenue expected to rise sequentially by low single‑digit percent; for full‑year 2026 they expect adjusted EBITDA margins roughly in line with 2025 at ~30% standalone (but ~29% on a combined basis allowing for an expected ~100 basis‑point drag from the TV Scientific acquisition, which they estimate would have contributed <2 points of revenue growth to Q4 2025), foresee about 100 basis points of cost‑of‑revenue investment (GPU/AI capacity) in 2026, announced approximately $100 million of annual non‑GAAP OpEx savings from a January restructuring (with roughly half to be reinvested in sales transformation and AI hiring), and reiterated medium‑term adjusted EBITDA margin targets of 30%–34%.Pinterest Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
86
Very Positive
Cash Flow
84
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.22B | 3.65B | 3.06B | 2.80B | 2.58B |
| Gross Profit | 3.38B | 2.90B | 2.37B | 2.12B | 2.05B |
| EBITDA | 345.03M | 201.08M | -104.17M | -55.19M | 353.69M |
| Net Income | 416.86M | 1.86B | -35.61M | -96.05M | 316.44M |
Balance Sheet | |||||
| Total Assets | 5.51B | 5.34B | 3.59B | 3.86B | 3.54B |
| Cash, Cash Equivalents and Short-Term Investments | 2.47B | 2.51B | 2.51B | 2.70B | 2.48B |
| Total Debt | 262.02M | 185.79M | 196.28M | 228.97M | 250.87M |
| Total Liabilities | 765.69M | 591.51M | 503.73M | 581.08M | 498.50M |
| Stockholders Equity | 4.75B | 4.75B | 3.09B | 3.28B | 3.04B |
Cash Flow | |||||
| Free Cash Flow | 1.25B | 939.99M | 604.90M | 440.22M | 743.88M |
| Operating Cash Flow | 1.28B | 964.59M | 612.96M | 469.20M | 752.91M |
| Investing Cash Flow | -134.48M | -221.02M | -36.99M | -128.25M | -25.86M |
| Financing Cash Flow | -1.32B | -968.32M | -826.76M | -148.93M | 22.16M |
Pinterest Technical Analysis
Negative
18.68
Price Trends
20.25
Negative
23.58
Negative
29.43
Negative
Market Momentum
-0.31
Negative
46.91
Neutral
52.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PINS, the sentiment is Negative. The current price of 18.68 is below the 20-day moving average (MA) of 18.71, below the 50-day MA of 20.25, and below the 200-day MA of 29.43, indicating a bearish trend. The MACD of -0.31 indicates Negative momentum. The RSI at 46.91 is Neutral, neither overbought nor oversold. The STOCH value of 52.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PINS.
Pinterest Risk Analysis
Pinterest disclosed 46 risk factors in its most recent earnings report. Pinterest reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Pinterest Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $26.67B | 80.88 | 20.89% | ― | 69.71% | ― | |
71 Outperform | $1.44B | 13.22 | 19.96% | ― | 5.35% | 33.74% | |
68 Neutral | $11.97B | 41.90 | 8.74% | ― | 16.79% | 819.94% | |
65 Neutral | $9.90B | 62.04 | 8.04% | ― | 16.84% | ― | |
65 Neutral | $7.06B | 12.77 | -275.39% | 2.32% | -0.46% | -2.75% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
55 Neutral | $7.58B | -29.98 | -20.72% | ― | 11.75% | 49.19% |
* Communication Services Sector Average
PINS
Pinterest
18.68
-13.56
-42.06%
YELP
Yelp
24.21
-13.76
-36.24%
SNAP
Snap
4.49
-4.68
-51.04%
BILI
Bilibili
23.79
3.63
18.01%
MTCH
Match Group
30.34
-0.77
-2.47%
RDDT
Reddit Inc Class A
139.63
29.40
26.67%
Pinterest Corporate Events
Private Placements and Financing
Pinterest Raises $1 Billion via Convertible Notes Financing
Positive
Mar 5, 2026
On March 3, 2026, Pinterest, Inc. entered into an investment agreement with Elliott Associates, L.P. and Elliott International, L.P. for the sale of $1 billion of 1.75% Convertible Senior Notes due 2031, and the transaction closed on March 5, 2026...
Business Operations and StrategyStock BuybackPrivate Placements and Financing
Pinterest seals Elliott investment deal and buyback expansion
Positive
Mar 3, 2026
On March 3, 2026, Pinterest entered into an investment agreement with Elliott Investment Management for a $1 billion purchase of 1.75% convertible senior notes due 2031, with an initial conversion price of about $22.72 per share, a 30% premium to ...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Pinterest Closes tvScientific Acquisition, Raises Q1 2026 Outlook
Positive
Feb 18, 2026
On February 17, 2026, Pinterest, Inc. closed its previously announced acquisition of tvScientific, Inc., integrating the acquired business into its operations and financial reporting. Following the completion of this transaction, Pinterest updated...
Business Operations and StrategyExecutive/Board Changes
Pinterest Adds Ulta CEO Kecia Steelman to Board
Positive
Feb 9, 2026
Pinterest has appointed Kecia Steelman, President and Chief Executive Officer of Ulta Beauty, to its board of directors as a Class II independent director, effective February 16, 2026, and she will also join the Talent Development and Compensation...
Business Operations and Strategy
Pinterest Launches Global AI-Focused Workforce Restructuring Plan
Negative
Jan 27, 2026
On January 26, 2026, Pinterest announced a board-approved global restructuring plan that will reduce less than 15% of its workforce and shrink office space, with expected pre-tax restructuring charges of approximately $35 million to $45 million, l...
Business Operations and StrategyExecutive/Board Changes
Pinterest Names Claude Brown as New Chief Business Officer
Positive
Jan 20, 2026
On January 20, 2026, Pinterest appointed Claude (Lee) Brown as Chief Business Officer, tasking him with oversight of the company’s global sales, content, customer-facing operations, and advertising product marketing. Brown brings extensive d...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.