Pinterest Stock Drops. Why Wall Street Sees Reason for Optimism.

Pinterest stock was falling Friday after the social media company reported fourth-quarter revenue that was less than expected. Citi analyst Ronald Josey wrote in a research note that although Pinterest reported mixed fourth-quarter results, given the fact that monthly active users ended the quarter at an all-time-high and the company’s partnerships with Alphabet’s Google and Amazon.com are just now ramping up, “we’d take advantage of any dislocation in the stock.” Pinterest shares were down 10% Friday to $36.52 and were on pace for their largest percentage decrease since April 28, 2023, according to Dow Jones Market Data.