Pinterest Stock Is Down 30%: 3 Reasons It's Time to Buy
Pinterest (NYSE: PINS) recently reported strong first-quarter earnings, but forecasted slowing user growth as the pandemic resolves. Wall Street didn't like that news. At the same time, fears about inflation have sparked a broader sell-off in the tech sector, and Pinterest stock is now down 30% from its 52-week high.
But there's a silver lining: Wall Street is missing the big picture, focusing instead on short-term headwinds. That has created a buying opportunity for long-term investors. Here are three reasons to add Pinterest to your portfolio.
Pinterest is a social platform for inspiration, a place where people can find new ideas and plan their future. To that end, its platform combines artificial intelligence, visual media, and search functionality to create a unique user experience.
Source Fool.com
