Pinterest surges after Q2 revenue beats estimates

Pinterest

05/05/2026 09:06

** Shares of image-sharing platform Pinterest PINS.N rise 15.4% premarket

** Co forecast second-quarter revenue above analysts' estimates on Monday, betting on steadily growing spending by advertisers

** Zephirin Group upgrades stock rating to 'buy' from 'sell'; raises PT to $30 from $17

** Brokerage sees "PINS increasingly integrating its legacy monetization model into an AI-driven advertising landscape, supporting longer-term growth while gradually easing near-term headwinds"

** Following the results, at least five brokerages raised PT on the stock, according to data compiled by LSEG

** Q1 revenue rose 18% to $1.01 billion, above estimates of $966.25 million

** 39 analysts rate the stock "buy" on average; median price target $24- data compiled by LSEG

** Up to last day's close, the stock had fallen nearly 19% YTD

(Reporting by Akriti Shah in Bengaluru)

((akriti.shah@thomsonreuters.com ; X, formerly Twitter: @AkritiShahh)))