Down 32%, Is Pinterest Stock a Buy Right Now?
Wall Street isn't sure what to make of Pinterest (NYSE: PINS) stock these days. Falling demand for digital advertising as businesses fear a recession might be in the cards is putting pressure on the social media company and contributing to its net losses.
But in the wake of the soaring growth that it enjoyed during the earlier phases of the pandemic, Pinterest isn't enduring as severe of a growth hangover as some of its peers. And its new CEO has some ambitious plans to expand the business over the next several years.
With that big picture in mind, let's look at how attractive the stock is as a buy right now.
Source Fool.com
