Is the Pinterest Stock Rally Just Getting Started?
One of last month's biggest winners was Pinterest (NYSE: PINS). Shares of the visual search platform soared 55% in July, and the lion's share of that came on the final trading day of the month, after Pinterest served up blowout financial results.
Pinterest stock has more than tripled since its pandemic low in mid-March. Bears may dismiss the rally. The stock is essentially where it was a year ago, making this a wild and winding round-trip to nowhere for folks that bought in shortly after last springtime's IPO. However, today's Pinterest is a superior company to the one it was a year earlier. It's on track again, and this new rally could be only the beginning.
Image source: Getty Images.
Source Fool.com
