Pinterest (NYSE:PINS) shares are 12.2% higher to trade at $23.37 at last glance, after the company topped first-quarter earnings expectations and issued an upbeat outlook. Adjusted earnings per share came to 27 cents, while revenue came in at $1.01 billion, with strength attributed to its recent focus shift over to AI-powered ads.
No fewer than 15 analysts raised their price targets, the highest coming from BofA Global Research to $27 from $20. The brokerage bunch remains split though, while the consensus 12-month price target of $26.52 is an 11.5% discount to its current perch.
The security is trading at its highest levels since January as it heads for its largest single-day percentage gain of 2026. Breaking past recent pressure at the $21 level, the shares are looking to close above the 100-day moving average for the first time since September. Year to date, PINS is down 9.7%.
Options traders are piling in on PINS stock. So far, 60,000 calls and 10,000 puts have changed hands, 2.7 times the average daily options volume already. The most popular call is the weekly 5/8 21-strike call, followed by the 23-strike call in the same series.
