PINS - What's Going On With Pinterest Stock Wednesday? | Benzinga
Pinterest, Inc (NASDAQ: PINS) stock traded higher Wednesday, maintaining the Tuesday rally after executives announced their anticipated accelerated year-over-year revenue growth following a slowdown in 2022 and 2023.
During its first investor day, the company projected a compound annual growth rate in the mid to high teens over the next three to five years, a significant increase compared to the previous guidance of high single-digit growth in the third quarter, CNBC reports.
Pinterest's revenue growth was less than 9% last year, and analysts had estimated around 8% growth for this year.