PINS - This Beaten-Down Growth Stock Could Soar in 2024 Thanks to Partnerships With 2 Members of the Magnificent Seven
2024-02-18 06:00:00 ET
Image-browsing platform Pinterest (NYSE: PINS) is a beaten-down growth stock. It peaked at close to $90 per share back in early 2021 and is 60% below that high about three years later.
But some may quibble about calling Pinterest a growth stock. The company's revenue was up only 9% in 2023. That doesn't sound like a lot of growth for a growth stock.
It's true: Pinterest's top-line has taken a breather. However, it might be ready for a new wave of growth in 2024, thanks to strategic partnerships with two members of the " Magnificent Seven ."
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This Beaten-Down Growth Stock Could Soar in 2024, Thanks to Partnerships With 2 Members of the "Magnificent Seven"