Wells Fargo sets USD 31.00 target for Pinterest stock
Published on 10/17/2026 at 18:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and earnings
- Wells Fargo analyst Ken Gawrelski set a USD 31.00 Pinterest target on October 12, 2026.
- Pinterest revenue reached USD 1.18 billion in the second quarter of 2026, up 18.20 percent year over year.
- Pinterest stock last traded at USD 21.91 on October 16, 2026 at 3:59 p.m. ET, down 3.52 percent on the day.
- Pinterest traded at a trailing P/E ratio of 64.44 on October 16, 2026.
Wells Fargo analyst Ken Gawrelski maintained a Buy rating on Pinterest and set a USD 31.00 price target on October 12, 2026, according to Business Insider. Against the latest USD 21.91 price, that target is 41.49 percent higher. Pinterest stock last traded at USD 21.91 on October 16, 2026 at 3:59 p.m. ET, down 3.52 percent on the day.
Revenue growth remains measurable
Pinterest generated USD 1.18 billion in revenue in the second quarter of 2026, up 18.20 percent from the year-ago quarter. Adjusted earnings per share came to USD 0.43, exceeding the USD 0.36 consensus estimate by USD 0.07, according to MarketBeat.
Price position and trading activity
The USD 21.91 price stood within a 52-week range of USD 13.84 to USD 35.42 on October 16, 2026. Trading volume reached 9,826,531 shares, compared with an average volume of 12,522,439 shares, while the market capitalization was USD 12.4 billion.
The latest available company announcement was the October 6, 2026 appointment of James Dibbo as chief financial officer. Pinterest had reported the second-quarter figures before that announcement, so the market picture now centers on the target distance and the next earnings date.
Valuation and next reporting date
Pinterest carried a trailing P/E ratio of 64.44 on October 16, 2026, and its dividend yield was 0.00 percent. MarketBeat estimated that Pinterest would report third-quarter 2026 results after the market close on November 3, 2026, with revenue of USD 1.21 billion and earnings per share of USD 0.4863.
Comparison with peers
PINS: minus 3.52 percent, P/E 64.44, market capitalization USD 12.4 billion
SNAP (NYSE, USD): minus 5.01 percent, P/E minus 32.64, market capitalization USD 10.3 billion
ETSY (NYSE, USD): minus 4.53 percent, P/E 46.52, market capitalization USD 7.8 billion
Market frame
The USD 21.91 last price on October 16, 2026 at 3:59 p.m. ET places Pinterest below the Wells Fargo target of USD 31.00, while second-quarter revenue growth reached 18.20 percent.
Pinterest stock data
- Company: Pinterest, Inc.
- ISIN: US72352L1061
- Ticker: PINS
- Primary exchange: NYSE
- Last price: USD 21.91 (as of October 16, 2026 at 3:59 p.m. ET)
- Daily change: minus 3.52 percent on October 16, 2026
- Market capitalization: USD 12.4 billion (as of October 16, 2026)
- 52-week range: USD 13.84-35.42 (as of October 16, 2026)
- Sector / Industry: Communication Services / Internet Content and Information
- Next earnings date: November 3, 2026
Market context: Market report S&P 500.
