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Pinterest Shares Plunge After Warning of Slower Revenue Growth. Should Investors Buy the Stock on the Dip?
PINSPinterest(PINS) The Motley Fool·2024-08-09 08:55

Why now might be a great time to buy the stock. Share prices of Pinterest (PINS 1.67%) have been hammered since the company warned of slower revenue growth when it reported its second-quarter earnings results last month. The plunge wiped out all the gains in the stock for the year, and it is now down more than 20% year to date. Let's take a closer look at Pinterest's most recent results and guidance and decide whether now is a good time to buy the dip. Pinterest's forecast disappoints After seeing continued ...