3 Reasons to Buy Pinterest Stock and 1 Reason to Hesitate
Pinterest (NYSE: PINS) stock has not been a market favorite for most of 2021. The image-based social media platform gained a surge of interest and new user signups at the onset of the pandemic in 2020 when folks were cooped up indoors for long periods. But the stock has had trouble matching 2020's performance in 2021 and is off about 15% year to date.
With 2021's introduction of vaccines against COVID-19 and the populace feeling more confident leaving their homes, the increase in consumer mobility has had mixed effects on Pinterest's business. That has caused some volatility in its share price and, perhaps, an opportunity for long-term investors.
Let's look at three reasons to buy the stock and one reason for concern.
Source Fool.com
