Pinterest staging turnaround, stock looking like a buy, Barron’s says

It’s time to put a pin next to Pinterest stock, Jacob Sonenshine writes in this week’s edition of Barron’s. It has been a tough couple of years for the social-media site, with shares looking two-thirds of their value since hitting a record high of around $89 in February 2021. Better times lie ahead for Pinterest stock, the author argues. While user growth has moderated, the $19 billion company has been taking steps to increase the money it makes off each user by making it easier and more efficient for advertisers to reach them. It has also been improving operations in its international business, which should drive additional revenue gains, even as analysts reduce their expectations. Reference Link