Cantor Fitzgerald has reduced its price target for Pinterest Inc (NYSE:PINS) to $18.00 from $34.00, while keeping an Overweight rating on the stock. At the time of the update, Pinterest shares were trading at $14.76, down from the previous close of $19.09.
The analyst revision follows Pinterest's fourth-quarter report, which Cantor Fitzgerald said showed revenues and EBITDA missing Street projections by roughly 1% and 2%, respectively. Despite these shortfalls, InvestingPro data still assigns Pinterest a "GREAT" financial health score of 3.25, indicating continued underlying fundamental strength by that metric.
Pinterest issued guidance for first-quarter revenue growth of 11% to 14%, or 8% to 11% when excluding foreign exchange effects. The company and Cantor Fitzgerald both noted this implies a slowdown - roughly 350 basis points of deceleration versus fourth-quarter growth measured at the midpoint of the range.
Management said the company is experiencing larger-than-expected revenue pressure from major advertisers and anticipates those trends will intensify in the first quarter of 2026. Pinterest also expects its recently implemented sales reorganization to weigh on near-term revenue growth.
In response to the updated outlook, Cantor Fitzgerald trimmed its fiscal 2027 estimates, lowering revenue and EBITDA projections by 5% and 8%, respectively. The research note observed that Pinterest shares fell about 18% in after-hours trading following the earnings release.
Other sell-side firms moved to lower ratings and targets after the quarter. RBC Capital cut Pinterest from Outperform to Sector Perform and reduced its price target to $17.00, citing a lackluster fourth quarter and pointing to tariffs and business concentration as concerns. Loop Capital reduced its view from Buy to Hold and set a $18.00 target, pointing to earnings misses, lowered guidance, and higher spending. BofA Securities downgraded the stock from Buy to Neutral with a $19.00 target, flagging competitive pressures and engagement challenges. JPMorgan also moved to Neutral and lowered its target to $20.00, noting revenue headwinds after Pinterest's first-quarter guidance signaled a slowdown.
Together, the analyst actions and the company commentary underline the headwinds Pinterest faces in advertising demand and near-term revenue momentum, as well as the potential short-term impact of internal sales-force changes.
Market participants will be watching whether the advertiser trends cited by management persist into 2026 and how the sales reorganization affects revenue execution in coming quarters. For now, the cluster of price-target cuts and downgrades reflects heightened caution across several research desks.