Down 30% in 3 Months, Is It Time to Buy Pinterest Stock?

September 29, 2021
Image source: Getty Images.

Shares are down 6% this month and 30% over the past three months.

Key Points

  • Monthly active user headwinds have spooked investors.
  • With Pinterest’s revenue soaring, does the stock’s massive sell-off make sense?
  • The tech company’s earnings are expected to skyrocket over the next five years.
With the broader market selling off slightly in September after a sharp run higher in the first eight months of 2021, many stocks are taking a breather. Highlighting the overall market’s pullback, the S&P 500 has declined 1.6% this month and Nasdaq Composite has dipped more than 2%.

Fortunately for investors, bearishness in the market often creates some buying opportunities as stocks sell off. This is especially true when a stock falls more than the broader market. Pinterest (NYSE:PINS), for instance, has fallen a total of 6% in September. And this is on top of an even larger decline for the stock, making shares look particularly attractive. Shares of the visual search and medial platform are now down more than 30% in the past three months.

Here’s why investors may want to look past the market’s pessimism toward Pinterest stock and consider buying shares.

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