3 Great Reasons to Buy Pinterest Stock

Every investor should have an investing thesis for why they bought a stock. Here's mine for Pinterest (NYSE: PINS), which I bought for the first time earlier this year.

Social networking, e-commerce, and digital advertising are all long-established trends, and Pinterest stands to benefit from all of them. Pinterest users gravitate toward the platform because it's more inspirational and apolitical than others, and I expect the company still has plenty of room to grow its user base from here. Plus, by rolling out new monetization features, I believe Pinterest can rapidly grow its revenue and become a multibagger stock over the next decade.

That's my bullish thesis, and recent developments confirm it. Here are three reasons to buy Pinterest stock.

Source Fool.com