Pinterest Soared by 20% After Earnings -- Is It Still a Buy?

By Matt Frankel – May 2, 2024 at 8:31AM

NYSE: PINS

Market Cap

$29B

Today's Change

(0.78%) $0.33

Current Price

$42.77

Price as of May 16, 2024, 4:00 p.m. ET

The social media giant not only shattered earnings estimates but also reported massive user growth.

Pinterest (PINS 0.78%) reported a blowout first quarter. It not only beat expectations on the top and bottom lines but also grew its user base at the fastest pace since 2021 and issued strong forward guidance. In this video, I'll take a look at the numbers and discuss whether Pinterest is still a good stock to buy.

*Stock prices used were the afternoon prices of May 1, 2024. The video was published on May 1, 2024.

Matt Frankel has positions in Pinterest. The Motley Fool has positions in and recommends Pinterest. The Motley Fool has a disclosure policy.

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