Why pinterest Is Trending Today?

Pinterest's stock price has fallen by 12% following its earnings report, raising questions among investors about whether this is a sign of trouble or a chance to buy at a lower price. Meanwhile, XTX Topco Ltd has reduced its stake in Pinterest, Inc. (NYSE:PINS). Pinterest's CEO has highlighted the benefits of AI-powered tools for consumers, while analysts debate whether investors should capitalize on the post-earnings dip in Pinterest stock.

Pinterest's stock price target was raised by CFRA to $43, citing the company's advancements in AI capabilities. The social media platform is focusing on the future of AI in e-commerce and agentic shopping, although its CEO acknowledges that this is still a long way off. Pinterest's Q2 earnings missed estimates, with a profit shortfall overshadowing growth among Gen Z users and AI-driven initiatives. The company's stock has experienced significant movement, including double-digit declines, following the earnings release. Despite the earnings miss, Pinterest reported a year-over-year revenue growth of 17%, driven by AI tools that increased ad spend. The company's monthly active users also hit an all-time high during the quarter.