Where Will Pinterest Stock Be in 1 Year?
Pinterest (NYSE: PINS) stock has been on a roller coaster of volatility, hanging on to a 23% rally over the past year, but also down 30% from its 52-week high. Despite a string of strong operating and financial results from the visuals-based social media company, the market appears skeptical about whether the growth momentum can continue.
Let's discuss the key drivers in the outlook for Pinterest and where the stock might be in one year.
With 522 million monthly active users (MAUs) around the world, Pinterest has carved out a leadership position online as the go-to place for brands and creators to showcase image-based content. The platform allowing users to share and "pin" their creative inspirations has resonated particularly among women and a younger age demographic. Ultimately, the core business centers around advertising by offering different visual formats for brands to build awareness or drive product conversion.
Source Fool.com
