Is Pinterest Stock a Buy Right Now?
The social media company Pinterest (NYSE: PINS) experienced a surge in engagement at the pandemic's onset. Folks were spending more time at home and looking for inspiration for domestic activities like cooking, decorating, gardening, and so on.
The trend is reversing now that economies are reopening, and Pinterest is feeling the adverse effects. Fewer people are logging onto its app, and it's shedding millions of monthly active users (MAUs). As a result, the stock has fallen on hard times and is down significantly for the year. With that backdrop, let's dig deeper to see if Pinterest is a buy right now.
Image source: Getty Images.
Source Fool.com
