Will Pinterest Be a Trillion-Dollar Stock by 2040?
Pinterest (NYSE: PINS) has been a painful stock to own. The social-media company's stock tumbled more than 40% this year as it lost 34 million monthly active users (MAUs) over the past two quarters.
Pinterest attributes that slowdown to reopening trends in a post-pandemic world, which caused people to spend less time browsing for recipes, DIY projects, family activities, and other ideas on its virtual pinboards.
But as many investors fret over its loss of MAUs, fewer perhaps pay attention to the company's rising average revenue per user (ARPU) and robust, overall financial results. Analysts still expect Pinterest's revenue and earnings to soar 51% and 162%, respectively, this year -- which is stellar for a stock that trades at 33 times forward earnings.
Source Fool.com
