Shares fell hard after guidance for the holiday quarter underwhelmed. The inflection point in Pinterest's business that some investors may have been hoping for has not yet arrived.
On an earnings call on Tuesday, Pinterest CEO Bill Ready highlighted the promise of open source AI models in helping the company keep its costs down as it expands the use cases for visual AI.
Tech stocks rebounded from Tuesday's losses to help boost the major U.S. equities indexes Wednesday afternoon. The Dow, S&P 500, and Nasdaq all advanced.
Pinterest shares plummeted 20% on Wednesday after lackluster third-quarter earnings that fell short of Wall Street estimates and tariff-related ad headwinds. Several banks lowered their price targets following the earnings report.
Wedbush analysts on Wednesday reduced their target price on Pinterest Inc (NYSE:PINS) to $34 per share from $44, while reiterating their ‘Outperform' rating, after the company's third quarter 2025 earnings missed expectations and its Q4 forecast disappointed. Pinterest posted adjusted earnings per share (EPS) for the quarter of $0.38, falling short of the $0.42 analyst consensus estimate.
Shares of Pinterest (PINS) plunged after the visual social media and search company missed profit expectations and gave weak holiday quarter guidance.
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