Pinterest Stock Is Down 34% This Year. The Fundamentals Tell a Different Story.

Key Takeaways for Pinterest Stock as of August 2026

• Year-Long Slide: Pinterest (PINS) stock trades at $22.90, down 34.2% over the past year, with the steepest single hit landing August 5 after a Q3 growth guide came in well below Q2’s pace.
• Guidance Gap: Management guided Q3 revenue growth to 13% to 15%, a step down from Q2’s 18%, and the stock fell roughly 9% the next session despite the midpoint matching Street estimates near $1.20B.
• Street Split: Current coverage sits at 17 buys, 2 outperforms and 20 holds, with a mean target of $28.97 sitting 26% above the current price.
• Model Upside: TIKR’s mid-case valuation model puts Pinterest stock at $46.47 by the end of 2030, implying 102.9% total return and a 17.5% annualized rate from here.

Pinterest stock has spent a year giving back its 2025 gains, and the Street’s own targets moved just as fast. See the full valuation history and decide for yourself on TIKR for free →

Why Pinterest Stock’s 34% Slide Outpaced Its Own Guidance Miss

Pinterest (PINS) stock has fallen 34.2% over the trailing year, closing at $22.90 after a run that took it from the mid-$30s last October down into the $17 range by February before a partial rebound this summer. The most recent leg of that decline came fast: shares sank roughly 9% on August 5 after Pinterest guided third-quarter revenue growth to 13% to 15%, a sharp deceleration from the 18% growth it had just posted in the second quarter.

The headline number looked worse than the mechanics behind it. On the Q2 earnings call, CFO Julia Donnelly walked through why the guide read soft against Q2’s strength. “The high end of our Q3 guidance range is consistent with what we just delivered in Q2 when you adjust for the 3-point sequential impact I called out in my prepared remarks from foreign currency, Prime Day and World Cup spend,” she told analysts. Those three items, a currency headwind, Prime Day shifting into Q2 instead of Q3, and a World Cup ad boost that won’t repeat, account for most of the gap between an 18% quarter and a 13% to 15% guide.

Underneath the guidance math, the user and revenue numbers still moved in the right direction. Global monthly active users grew 11% to 640 million, marking the platform’s twelfth straight quarter of record users, and UCAN revenue, Pinterest’s largest region, accelerated five points sequentially to 18% growth. Adjusted EBITDA of $311 million beat the $269 million analysts expected, and management raised its full-year EBITDA margin outlook to roughly 30% from 29%.

That combination, a real deceleration in the growth rate paired with underlying engagement and margin strength that kept improving, is what makes the 34% yearly slide look overdone relative to what the business is actually delivering. The stock priced in more damage than the numbers support.

Insiders Keep Selling Pinterest Stock Even as a New Institutional Holder Steps In

The rebound off February’s lows hasn’t stopped insiders from cashing out. Director and 10% owner Benjamin Silbermann sold Pinterest shares worth $2.12 million in mid-July, another $2.11 million in late July, and a further $2.21 million on August 11 and 12, all through family trust conversions of Class B into Class A shares.

CFO Julia Donnelly sold 59,096 shares for $1.39 million on August 7, days after the earnings call. Against that selling, Ameriprise Financial disclosed a 10.2% passive stake in Pinterest as of July 31, a sizable institutional position building just as insiders keep trimming into the recovery.

Insiders keep selling into the rebound while a new 10% institutional holder builds a position. Track Pinterest’s ownership and insider activity on TIKR for free →

Pinterest Stock’s Target Trend Shows Analysts Chasing the Price Down and Back Up

Coverage on Pinterest stock currently splits 17 buys, 2 outperforms and 20 holds, with a mean target of $28.97 against a $22.90 close, a 26% gap. That’s the tightest ratings mix of the past year, with buy-rated coverage down from 27 analysts in mid-2025 to 17 today even as the stock has partly recovered off its lows.

The trend is the more telling part. A year ago, the mean target sat at $40.51 against a $35.86 close, 13% upside. As Pinterest stock fell through the back half of 2025 and into early 2026, the Street cut its target in step, bottoming at $23.29 by March 2026 as the stock bottomed near $18.34.

Since then, both have climbed together: the mean target has risen to $28.97 from $23.29 over five months, while the stock gained from $18.34 to $22.90. Analysts didn’t get ahead of the recovery. They tracked it.

TIKR Values Pinterest Stock at $46.47, More Than Double the Current Price

TIKR’s mid-case model values Pinterest stock at $46.47 by December 2030, implying 102.9% total return from the current price of $22.90, or 17.5% annualized over 4.4 years.

That annualized rate sits well above what investors typically expect from a large-cap internet stock, reflecting how far Pinterest stock has drifted from what the model sees as fair value for a business still growing users at double digits and expanding margin.

The gap holds up against what’s actually happening at the company: revenue growth decelerating from 18% to a guided 13% to 15% is a currency and calendar story more than a demand story, per management’s own breakdown, while the Street’s mean target has been rising in step with the stock rather than getting left behind. The distance between the model’s $46.47 and the Street’s $28.97 mean target reflects TIKR’s longer runway to 2030 against the Street’s nearer-term view.

TIKR’s model puts Pinterest stock at $46.47, more than double today’s price. Pull the full model and see how the assumptions get there on TIKR for free →

Should You Invest in Pinterest, Inc.?

The only way to really know is to look at the numbers yourself. TIKR gives you free access to the same institutional-quality financial data that professional analysts use to answer exactly that question.

Pull up Pinterest, Inc. stock and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.

You can build a free watchlist to track Pinterest, Inc. alongside every other stock on your radar. No credit card required. Just the data you need to decide for yourself.

Access Professional Tools to Analyze PINS stock on TIKR for Free →

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Disclaimer:

Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!