Benchmark analyst Mark Zgutowicz reiterated a Buy rating and $33.00 price target on Pinterest Inc (NYSE: PINS).

The analyst commented, "Pinterest delivered a materially better 1Q than our low-end setup that de-risks near-term UCAN ARPU and 2Q growth, while a durable 2H26E/’27E revenue acceleration leans loosely on core UCAN recovery and early measurement/bidding gains. 1Q revenue was ~$1.008B, +18% y/y, vs. consensus $965M, with the upside primarily UCANdriven. UCAN revenue was $750M, +13% y/y, vs. consensus $713M, while UCAN MAUs were broadly in line, implying ARPU of ~$7.08 vs. consensus $6.84. The tangible drivers were stronger UCAN demand/mix, conversion and consideration-objective spend, retail that was less weak than feared, emerging verticals such as financial services, and tvScientific (tvS)."

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Shares of Pinterest Inc closed at $20.85 yesterday.