Is Pinterest Stock a Buy Now?
Pinterest (NYSE: PINS) has been an interesting stock since its initial public offering (IPO) in 2019. While initially falling in price, it rapidly rose as users grew, and revenue skyrocketed during the pandemic when they had plenty of time to browse Pinterest for inspiration on what their bathroom remodel should look like or what meals to cook.
But once lockdowns eased and people returned to their everyday routines, Pinterest's user base fell and dragged the stock down with it.
Despite reaching highs of more than $80 per share, Pinterest now sits at its IPO price of around $25. While some investors have become frustrated with the stock (it has just about marched straight down since June 2021), it has recently bottomed out and started to rebound.
Source Fool.com
