Pinterest Inc (PINS) PT Lowered to $45 at Mizuho

Mizuho analyst Lloyd Walmsley lowered the price target on Pinterest Inc (NYSE: PINS) to $45.00 (from $50.00) while maintaining a Outperform rating.

The analyst comments "We maintain our OP rating on PINS and see potential for eventual top-line acceleration in '26 and multiple expansion. On top of a compelling monetization story, we see Pinterest's increasing roll-out of consumer-facing AI tools, including AI Assistant and Boards made for you, positioning the company as a more-pronounced AI beneficiary. We see the high COGS guide for '26, combined with a focus on monetizing AI investment immediately, positioning Pinterest to accelerate top line. While the margin outlook was certainly disappointing, we believe it will reduce consensus to more conservative assumptions, and we build from there. We reduce estimates for tariff-related headwinds in the US and lower our PT to $45 from $50."

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