Up Over 250% in 2020, Is Pinterest Stock Still a Buy?
From broken IPO to stock market darling, 2020 has been a transformational year for Pinterest (NYSE: PINS). Following its market debut in April 2019 through the end of last year, the stock fell over 20%. The S&P 500, by contrast, was up 11% over that span. But Pinterest stock has surged 259% year to date, making it one of 2020's top winners.
After run-ups like this, investors invariably wonder if it's too late to buy. In response, I say if Pinterest stock was only good enough to make shareholders money over the last eight months and nothing more, then it's one of the worst stocks I've ever heard of. But the truth is, Pinterest is among my favorite stocks for the long haul.
Image source: Pinterest.
Source Fool.com