Pinterest (PINS) Stock Forecast & Price Target

Pinterest has demonstrated a positive trend in user engagement, with global downloads increasing by 1.6% on a trailing 90-day basis, indicating a solid user acquisition momentum. Furthermore, the platform's average daily downloads domestically improved by 1.2% month-over-month, along with a gradual improvement in annualized declines, which have reduced for four consecutive months to -6.7% year-over-year. The site's total audience reach also reflects growth, with global reach rising by 60 basis points to 301.2 million in August, and a 1.6% increase in domestic reach to 113.8 million, showcasing a robust potential for revenue generation from its advertising model.

The financial outlook for Pinterest appears negative due to a series of concerning metrics. The company experienced a decline in domestic user growth, which slowed to 5.2% compared to a previous rate of 3.0%, indicating potential stagnation in its key North American market. Additionally, the global app downloads exhibited a slight year-over-year decline of 0.4%, with domestic trends worsening further at a rate of 6.7%, suggesting challenges in maintaining user engagement and growth momentum.