Navigating Today's Pre-Market Movers: PINS, NET, and TTD in Focus

The pre-market session on May 9, 2025, brought mixed momentum for tech stocks, with The Trade Desk (TTD) surging on strong earnings while Pinterest (PINS) and Cloudflare (NET) faced divergent analyst sentiment. Here’s a deep dive into the data and implications for investors.

The Trade Desk (TTD): A Pre-Market Star

The Trade Desk’s pre-market rally of 9% to $65.40 was fueled by Q1 earnings that beat expectations across the board. Revenue hit $616 million (+25.4% YoY), with adjusted EBITDA soaring to $207.9 million. Analysts highlighted its four consecutive quarters of EPS beats and bullish guidance for Q2, including revenue of $682 million.

Key Takeaways:
- The median analyst price target of $68 (per Quiver Quantitative) suggests further upside, especially if free cash flow margins stay above 30%.
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Pinterest (PINS): Analyst Optimism vs. Insider Selling

Despite five Buy ratings and a median $40 price target, PINS faces headwinds from 22 insider sales in six months, including $6.6 million sold by co-founder Benjamin Silbermann. While institutional investors like T. Rowe added 104% to their holdings, giants like BlackRock cut positions by 19%.

Why the disconnect?
- PINS’ user growth has stalled, and its content-focused strategy may struggle against rivals like TikTok.
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Verdict: Analysts see upside, but insider pessimism and weak community buzz (no mention in moomoo’s trending stocks) raise doubts about execution.

Cloudflare (NET): Mixed Signals Post-Earnings

Cloudflare’s Q1 results were revenue-positive ($479 million, +27% YoY) but margins came under pressure. While Needham raised its price target to $160, Jefferies cut theirs to $150, citing concerns over retention and valuation.

Key Data Points:
- Net revenue retention (NRR) dipped to 112%, down 300 basis points sequentially.
- The consensus Hold rating reflects this duality: bulls love its $100M+ enterprise contract, bears worry about free cash flow sustainability.
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Verdict: A Hold for now, but investors should watch Q2 NRR and RPO growth.

Conclusion: Where to Focus

• TTD is the clear winner here, with strong fundamentals and consensus-driven upside.
• PINS remains a cautionary tale: institutional support exists, but insider selling and lackluster community engagement suggest risks outweigh rewards.
• NET is a wait-and-see play: its enterprise wins are promising, but margin challenges mean it’s not yet a sure bet.

Final Numbers to Remember:
- TTD’s $68 price target implies ~6% upside from its May 9 close of $65.40.
- PINS’ $40 median target is 28% above its $31.20 close, but insider selling clouds the path.
- NET’s average $152.55 target requires NRR stabilization to hit.

Investors should prioritize TTD for growth and avoid PINS until user engagement rebounds. NET’s future hinges on execution—stay vigilant.

Data sources: Quiver Quantitative, moomoo Community, and company earnings reports.