Pinterest Inc. (NYSE: PINS) received two analyst downgrades on Monday, April 27, 2026. These actions reflect concerns regarding future advertising revenue.
Rothschild Redburn lowered its rating to Neutral from Buy. The firm cited disappointment with activist investor Elliott’s involvement. It also noted concerns regarding advertising direction and cost-cutting reluctance. The firm raised its price target to $23 from $17.
BWG Global downgraded Pinterest to Mixed from Positive. Partner checks indicate first-quarter advertising spending met expectations. The firm anticipates a slight year-over-year deceleration for the second quarter.
These downgrades follow a significant investment from Elliott and management shifts.