It hasn’t all been smooth sailing for social media company Pinterest (PINS) since going public last spring. The company exited 2019 with shares below the $19 IPO price after failing to initially meet Wall Street’s expectations. Since May, however, the stock has rallied and it appears sentiment is changing fast.In fact, Deutsche Bank analyst Lloyd Walmsley calls Pinterest his “favorite non-consensus fresh-money idea,” and implores investors to “take advantage of near-term uncertainty to add to long positions.”So, what has piqued the analyst’s growing confidence?For starters, with ad spend on the agenda these days, Pinterest’s improvements in ad tech “can help …read more
Source:: Yahoo Finance
