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Pinterest Stock Surged. An Analyst Sees a Rebound Ahead.

Por: MarketWatch Business December 14, 2022

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Shares of Pinterest jumped 12% to $26.42 on Tuesday. The photo-sharing platform’s stock is likely to continue gaining, according to Champion, who sees “multiple tailwinds” in 2023. For one, Pinterest’s share in the ad market could improve, the analyst said, citing his recent ad buyer survey, which showed the company would make up 8% of social budgets in 2023, up from roughly 5% last year. Champion partly credits as well as improvements... + full article



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