Pinterest (PINS) Stock Forecast & Price Target

Pinterest has demonstrated remarkable financial performance, with its adjusted EBITDA of $306 million reflecting a 24% year-over-year increase, surpassing expectations. In the third quarter of 2025, the company reported a sales growth of 17% year-over-year, reaching $1,049 million, which aligns with the high end of its guidance range. The increase in monthly active users (MAUs) to 600 million, exceeding projections by 10 million, combined with strong impressions growth of 54% year-over-year, supports a positive outlook for the platform's revenue generation capabilities and user engagement.

The analysis indicates a negative outlook on Pinterest's stock primarily due to stagnant user growth and disappointing earnings guidance, which has led to lowered revenue and EBITDA estimates for future quarters. Specifically, the company is experiencing sequential revenue growth decline among its North American user base, with projections for fourth-quarter revenue retention dropping from 16% year-over-year growth to 15.3%, alongside a decrease in EBITDA margin to 40.9%. Despite having a sizable user base of over 500 million, the reliance on ad revenue from North America and sluggish financial performance are key factors contributing to skepticism about the company's future growth potential.