Pinterest's (PINS) journey from a humble digital mood board to a pandemic-era sensation has been nothing short of a rollercoaster ride. Thriving as a haven for creativity and inspiration during lockdowns, it connected millions of isolated folks to a world of exciting ideas – just when they needed it most. As Pinterest exploded in popularity, so did its stock price. LikeFolio Investor subscribers who followed our bullish recommendation at the time can tell you firsthand, as they've taken a 35% win on PINS along the way. But as life resumed its usual pace, Pinterest faced a stark reality. User interest faded away with our free time, and financial challenges followed... Pinterest plummeted from their 2021 highs above $80 to below $20 by 2022. But with strategic investments in artificial intelligence (AI) and a new Amazon.com (AMZN) partnership this year, we see a new, transformative chapter unfolding for Pinterest. We showed you why this misunderstood moneymaker could make a great long-term bet back in April. Now, the stock is finally showing signs of life, gaining over 20% just since Monday following Pinterest's "surprise" third-quarter earnings beat. This long-term bet is paying off – and we believe these profits are only getting started. Here's what we're seeing that has us so optimistic about Pinterest, now and in the future... Click here to continue reading Until next time, |
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