Pinterest: Buy Now
Pinterest never provided the major selloff opportunity.
The coronavirus fears offer an ideal entry point around $21.
The stock now trades at only 5.7x forward EV/S targets despite 30% growth expectations.
Sometimes stocks just run and investors have to pass on them while waiting for a better entry point. Pinterest (PINS) fit into this category following the substantial rally in early 2020, but the market dip following the coronavirus outbreak is providing another opportunity here.
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