3 Reasons Pinterest Is a Buy After Earnings

After the pandemic-driven drop in digital ad spend last April, Pinterest (NYSE: PINS) saw steady improvement throughout the remainder of 2020. And while many consumers were boycotting other social media platforms, Pinterest was rolling out new products and features that strengthened engagement on its platform.

Not surprisingly, Pinterest outperformed the S&P 500 by a wide margin with shares surging 270% in the last 12 months. Even so, the company's growth story is still in its early chapters, and Pinterest looks like a long-term winner. Here are three reasons the stock is a buy.

Image source: Pinterest.

Source Fool.com