Could Pinterest Stock Bring 10x Returns to Your Portfolio?
Shares of Pinterest (NYSE: PINS) have taken investors on a rollercoaster ride since the company went public in 2019. But the business has grown significantly over the last few years with monthly active users (MAUs) reaching 444 million in the third quarter, up significantly from roughly 250 million in the same period in 2018.
However, user growth has come to a halt in 2021 as the economy reopens. Total MAUs fell 10 million sequentially, and this has contributed to the stock's performance year-to-date with shares down 30%. But this could be a great buying opportunity.
Pinterest is making progress toward better monetizing its users. This was evident in the last four quarters with revenue growth accelerating through the first half of 2021. It was still strong in the latest report too, and there are untapped opportunities for the company.
Source Fool.com
