Pinterest Stock: Bull vs. Bear
Pinterest (NYSE: PINS) has taken investors on a wild ride since its initial public offering (IPO) in 2019. The social media company's stock soared soon after its public debut thanks to pandemic-driven tailwinds and market-wide momentum for growth stocks. But fortunes reversed as engagement tailwinds receded and investors fled from growth-dependent tech stocks. Pinterest stock now trades down 4% from the market close on the day of its IPO, and it's lost nearly three-quarters of its value since hitting a lifetime stock price high above $89 per share in February 2021.
Should investors treat the big valuation pullback as a buying opportunity, or is this a case where the business slipping will lead to continued underperformance for the stock? Read on and two Motley Fool contributors discuss the bullish and bearish catalysts that could shape the direction of Pinterest stock going forward.
Jeremy Bowman: Like the rest of the social media sector, Pinterest stock has been hit hard by the broader market sell-off this year.
Source Fool.com
