From Nasdaq: 2024-11-14 10:00:00

Shares of Pinterest (NYSE: PINS) have been struggling after disappointing second and third-quarter results. Revenue rose 18% to $898.4 million, with MAUs growing by 11%. ARPU increased to $1.70, while EBITDA jumped 31% to $242 million, and adjusted EPS soared 43% to $0.40.

Pinterest forecasts Q4 revenue of $1.125-$1.145 billion, reflecting 15-17% growth. Despite challenges in the food and beverage vertical, opportunities for growth remain. With a forward P/E ratio of 17 based on 2025 estimates, Pinterest stock looks attractive. Consider investing in this growth stock for potential future returns.

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Read more at Nasdaq: Pinterest Plunges on Soft Guidance. Is This a Golden Opportunity to Buy the Dip?