Argus downgraded Pinterest (PINS) from Buy to Hold. The research firm cited significant growth challenges and intensifying competitive pressures as primary drivers for the move.
Retailers are reducing advertising budgets in response to potential tariffs. Alphabet is further challenging the platform by heavily investing in advanced AI tools.
Rising operating costs are currently impacting Pinterest's profitability and limiting potential margin expansion. Argus lowered its 2026 earnings estimate for the company. Pinterest issued Q1 2026 guidance that fell below consensus estimates.