Pinterest's stock reached a 52-week high of $41.60 in February due to increased monthly active users and revenue in 2023.
Pinterest shares surged to a 52-week high of $41.60 in February, a significant turnaround from the $20.60 52-week low reached in May 2022. The company's growth in monthly active users (MAUs) and revenue in 2023 contributed to the stock price increase. Pinterest reported record high MAUs of 498 million in Q4, up 11% from 2022, and $3.1B in revenue, a 10% increase from the prior year. Despite recent share price retreats, experts suggest that Pinterest's robust growth trajectory may signal a buy opportunity for investors.
March 31, 2024
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