PINS - Pinterest: Growth Will Continue Driving Shareholder Returns
2024-07-21 18:35:58 ET
Summary
- Pinterest's stock has performed well over the past year, driven in large part by multiple expansion.
- While further multiple expansion appears unlikely, strong growth should see the stock continue to perform well.
- A weakening economy is a risk but Pinterest's efforts to attract new users, increase engagement and improve monetization should offset this in the near term.
Pinterest's ( PINS ) stock has performed well over the past two years on the back of accelerating growth and improving margins. There appears to be growing concern about the strength of consumers and the digital advertising market, though. While this could create short-term volatility, Pinterest is well positioned to navigate any weakness as a result of its improving tech stack and strong balance sheet....
Pinterest: Growth Will Continue Driving Shareholder Returns