If you are wondering whether Pinterest is quietly setting up for a comeback or still a value trap, you are not alone. This is exactly the kind of stock where valuation really matters.
The share price is at $26.56, up 1.6% over the last week, roughly flat year to date at 0.0%, but still down 14.2% over 1 year and a steep 63.0% over 5 years. This tells you sentiment has been on a long, bumpy ride.
Recently, investors have been refocusing on user engagement trends, new ad formats and Pinterest’s push into more actionable shopping features. All of these factors can shift expectations for long term growth. At the same time, changing views on the broader ad market and competition from other social platforms help explain why the stock can…
