Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Pinterest Stock Was Up Earlier Today

TheMotleyFool

0 0

Why Pinterest Stock Was Up Earlier Today: https://g.foolcdn.com/editorial/images/699777/social-media-users-watching-videos-on-a-smartphone.png

Shares of Pinterest (NYSE: PINS) were up 3.8% as of 12:19 p.m. ET on Wednesday after receiving an upgrade from Wolfe Research analyst Deepak Mathivanan.

The analyst believes the stock can outperform over the next 12 months with former PayPal executive Bill Ready stepping in as the social media platform's new chief executive officer.

A slowing online advertising market and weak user growth trends have weighed on Pinterest in 2022. Year to date, the shares are down 37%, underperforming the S&P 500's loss of 17%.

Source Fool.com

Like: 0

PINS

Share