4 Red Flags for Pinterest's Future
Pinterest's (NYSE: PINS) stock hit an all-time high of $89.90 last February during the Reddit-fueled rally in meme and growth stocks. However, the stock subsequently plummeted about 70% as concerns about its decelerating user growth in a post-lockdown market spooked the bulls.
Investors might be tempted to buy Pinterest after that massive decline, but they should pay close attention to four red flags which recently appeared.
First and foremost, Pinterest has endured a series of price target reductions and downgrades over the past two months.
Source Fool.com
