More Likely to 5x First: Pinterest vs. Shopify
Pinterest (NYSE: PINS) and Shopify (NYSE: SHOP) haven't exactly been great performers, but both of these companies still have incredible growth potential. Shopify has the number two e-commerce market share and could continue to build out its ecosystem of services over time, while Pinterest is all-in on pursuing ways to incorporate e-commerce into its visual discovery platform.
It's worth noting that both Pinterest and Shopify have been severely beaten down in the 2022 market downturn. Pinterest is down by about 75% from its 2021 peak, while Shopify is down by about 85%. Pinterest could 5x and barely get above its previous high, while Shopify could 5x and still not set a new all-time high.
With all of that in mind, here's a rundown of why I'm a fan of both companies, and which one I think is likely to deliver multi-bagger returns quickly.
Source Fool.com
