Guggenheim Reiterates Buy Rating on Pinterest, Inc. (NYSE:PINS)

Guggenheim has reiterated its buy rating on Pinterest, Inc. (NYSE:PINS) as of June 15, 2026. The firm set a price target of $24, which suggests confidence in the company's future performance. This update comes as Pinterest's shares are trading near $20.21.

Other Institutional Activity in Pinterest

BlackRock, Inc. reduced its holdings by 1,422,978 shares, ending with 64,114,954 shares valued at about $1.18 billion. Goldman Sachs Group Inc. significantly increased its stake by 48,064,185 shares, bringing its total to 51,890,938 shares worth roughly $951.68 million. Vanguard Portfolio Management LLC acquired 29,380,679 shares, now holding the same amount valued at approximately $538.84 million. Elliott Investment Management L.P. maintained its position with 28,000,000 shares valued at $513.52 million. Meanwhile, Victory Capital Management Inc. trimmed its stake by 3,935,749 shares, leaving it with 22,873,121 shares valued at $419.49 million.

Pinterest, Inc. Stock Snapshot

Shares of NYSE:PINS are trading around $20.21. Pinterest, Inc. has a market capitalization of about $11.32 billion and a P/E ratio of 42.1. Its forward P/E is 9.03, and it has a beta of 0.902, indicating slightly less volatility than the market. The stock's 52-week range is between $13.84 and $39.93, with a 50-day moving average of $20.05 and a 200-day moving average of $24.96. The company has a strong liquidity position with a current ratio of 4.23 and a quick ratio of 4.01, along with a debt-to-equity ratio of 42.27.

Recent Earnings

Pinterest reported revenue of approximately $4.37 billion, reflecting a growth rate of 17.8%. The company achieved a net margin of 7.64% and a return on equity of 8.87%. Earnings per share (EPS) stood at $0.48. The next earnings release is scheduled for August 10, 2026.

Insider Buying and Selling at Pinterest, Inc.

Benjamin Silbermann, a notable insider, executed several transactions in June 2026. On June 9, he made two sales of 46,875 shares each at an average price of $21.78, with one being a planned sale. On June 10, he again sold 46,875 shares twice at a price of $21.43, with one transaction planned. Additionally, Silbermann bought 46,875 shares on both June 9 and June 10, though the purchase prices were not disclosed.

Analysts Set New Price Targets

On June 15, 2026, Guggenheim reiterated its buy rating on Pinterest with a $24 price target. Earlier, on May 6, 2026, Wells Fargo maintained its buy rating and set a target of $28. JP Morgan kept a hold rating with a $25 target on May 5, 2026. Piper Sandler reiterated a hold rating with a $26 target, while Oppenheimer and Morgan Stanley maintained buy ratings with targets of $30. TD Cowen also maintained a buy rating, setting a high target of $38.

About Pinterest, Inc.

Pinterest, Inc. operates a visual search and discovery platform that helps users find and save ideas ranging from recipes to style inspiration. The company also offers advertising solutions to connect advertisers with users. Headquartered in San Francisco, California, and led by CEO William J. Ready, Pinterest employs about 5,287 people and operates globally, including in the U.S., Canada, and Europe.

Bottom Line

Guggenheim's reiterated buy rating and $24 price target reflect ongoing confidence in Pinterest's trajectory. Investors keep a close eye on such ratings to gauge market sentiment. As a reminder, analyst ratings are based on past performance and expectations, not current holdings or future guarantees.