Why Pinterest Has “Monster Stock“ Potential
- Date: 30-Oct-2020
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
Why Pinterest Has “Monster Stock“ Potential
SOPA Images/LightRocket via Getty Images
Shares of Pinterest (PIN) soared 27% yesterday after the company reported third-quarter earnings that crushed analyst expectations.
And I see PINS heading higher in the coming months. In fact, Pinterest has “monster stock” potential. You see, Pinterest is a different kind of social media company. Unlike Facebook (FB) and Twitter (TWTR), Pinterest isn't a place where people spew negativity, engulf conspiracy theories, or argue about politics.
Instead, folks turn to Pinterest for inspiration. They discover new cooking recipes, get home décor ideas, and browse the latest styles. This unique approach has made Pinterest one of the world's most popular social platforms. The company has more than 400 million monthly active users (MAUs) worldwide. And more than 100 million of those users were added in the past year.
But Pinterest
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