S&P 500 Futures Rise in Premarket Trading; Penumbra, Pinterest Lag

Written by Emily J. Thompson, Senior Investment Analyst

PINS-0.93%

VST-1.85%

DJIA+0.09%

Source: Barron's

Updated: Jul 31 2024

0mins

Source: Barron's

Market Performance: Talen Energy Corp. and Vistra Corp. saw significant pre-market gains of 16.4% and 12.3%, respectively, while Penumbra Inc. and Pinterest Inc. experienced declines of 18.6% and 11.1%. S&P 500 futures rose by 0.95%, indicating a positive outlook for the U.S. stock market opening.
Global Market Trends: Asian stocks showed upward movement with Japan's NIKKEI 225 Index up 1.49% and China's Shanghai Composite Index rising 2.06%. European markets also reflected gains, with the STOXX Europe 600 Index climbing 0.85% and the FTSE 100 Index increasing by 1.25%.

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PINS

$22.35+Infinity%1D

Analyst Views on PINS

Wall Street analysts forecast PINS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PINS is 38.41 USD with a low forecast of 30.00 USD and a high forecast of 50.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

24 Analyst Rating

18 Buy

6 Hold

0 Sell

Strong Buy

Current: 22.560

Low

30.00

Averages

38.41

High

50.00

Current: 22.560

Low

30.00

Averages

38.41

High

50.00

BofA

Buy

maintain

$39

2026-01-27

New

Reason

BofA

Price Target

$39

AI Analysis

2026-01-27

New

maintain

Buy

Reason

After Pinterest announced plans to reduce up to 15% of its workforce, alongside reductions in office space, in an 8-K filing this morning, BofA said the announcement suggests tariff-related pressure on ad spend has likely continued into Q1. However, the reduction could enable Pinterest to maintain a margin growth trajectory toward low-30s EBITDA margins, says the analyst, who estimates that the announced cost actions could drive up to about $300M annualized of savings. The firm maintains a Buy rating and $39 price target on Pinterest shares.

UBS

Buy

downgrade

$48 -> $40

2026-01-20

Reason

UBS

Price Target

$48 -> $40

2026-01-20

downgrade

Buy

Reason

UBS lowered the firm's price target on Pinterest to $40 from $48 and keeps a Buy rating on the shares. The Q4 earnings outlook for advertising-driven companies points to slimmer beats after a slow October tied to a government shutdown, followed by a rebound in November and December, the analyst tells investors in a research note. Among nine companies, five exceeded prior forecasts, two were in line, and two came in modestly below expectations, UBS says.

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About PINS

Pinterest, Inc. (Pinterest) offers visual search and discovery platform. The Company’s primary service, Pinterest, can be accessed through its mobile application or the Web. People use Pinterest to find ideas. As they browse Pinterest content, Pins, they fine-tune their tastes and find the idea. Users interact with the platform in multi-session journeys to find inspiration, curate their latest look, plan their next project and shop from brands. It has approximately 553 million monthly active users across the world. Content on Pinterest comes from a variety of sources, including retailers, brands, creators, publishers and users. It acquires that content via a range of methods, including product catalog uploads, direct publishing, and user curation. Content formats include images that allow the user to click into an idea to learn more, videos that provide the steps of an idea, and products that brands and merchants upload from catalogs.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.