PINS - 2 Top Tech Stocks to Buy for the Long Haul
2023-11-02 05:41:00 ET
The tech-heavy Nasdaq Composite is up 22% year to date, but it has pulled back over the last few months. Where the market goes in 2024 is anyone's guess, but there are good opportunities to put your money to work in businesses that should grow in value for years to come.
Two such companies are social media leader Pinterest (NYSE: PINS) and cloud computing provider Snowflake (NYSE: SNOW) . The two stocks trade well off their highs, but the companies continue to report strong revenue growth that should keep them building wealth for their shareholders.
Pinterest stock is down 73% off its all-time high, but this leading social media platform has a lot of untapped value potential in its 482 million monthly active users. These are users who come to Pinterest looking for ideas while shopping online or planning for a purchase down the road. Management's efforts to bring more shoppable content to the platform are already starting to pay dividends.
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2 Top Tech Stocks to Buy for the Long Haul