Pinterest trading volume plummets 32.4% to $2.87 billion ranking 350th in market

On May 15, 2025, Pinterest (PINS) experienced a significant decline, with its trading volume dropping by 32.4% to $2.87 billion, placing it at the 350th position in the day's stock market rankings. The stock price fell by 1.98%, marking the second consecutive day of decline, with a total decrease of 2.10% over the past two days.

Wolfe Research has upgraded Pinterest's rating from Peer Perform to Outperform, setting a new price target of $40 per share. The upgrade is based on improving fundamentals and product performance, particularly the recent success of its performance ads product cycle. The firm also noted that the trade deal between the U.S. and China has reduced macroeconomic uncertainties, making the current valuation of Pinterest highly reasonable.

Shweta Khajuria, the analyst behind the upgrade, highlighted that the improving fundamentals and product-driven attach rate gains make Pinterest a compelling investment opportunity. The valuation discount compared to its peers further supports this positive outlook.