11 Oversold Growth Stocks to Buy Now

8. Pinterest, Inc. (NYSE:PINS)

RSI. 39.57

Estimated average analysts’ upside: 59.10%

Last 5 years revenue CAGR: 27.50%

Number of Hedge Fund Holders: 73

Pinterest, Inc. (NYSE:PINS) is known for its visual discovery platform with the same name, which enables users to post and explore visual ideas with fashion, home decor, travel, and other themes. The company’s advantage comes from its scale, with monthly active users exceeding 550 million people across the entire world. Similar to other media platforms, PINS generates revenue primarily through advertising. PINS ranked eighth on our recent list of 10 Most Undervalued Growth Stocks to Buy Now.

In 2024, Pinterest, Inc. (NYSE:PINS) achieved a record high of global users, surpassing 550 million monthly active users (MAU) globally, and more than doubled its full-year revenue growth rate from 2023. The company delivered over $1 billion in adjusted EBITDA, representing a roughly 50% increase while driving profitable growth. In Q4, PINS achieved its first $1 billion revenue quarter with 18% revenue growth and drove a record number of clicks during the critical holiday season. The platform’s weekly active to monthly active user ratio reached an all-time high of 62% in 2024, indicating stronger user engagement. With double-digit historical growth momentum and a whopping 59.10% average upside estimated by analysts, PINS is among the best oversold stocks to buy now.

Pinterest, Inc. (NYSE:PINS)’s success was driven by significant improvements in its advertising platform, with clicks to advertisers growing over 90% in Q4, even after lapping the initial launch of direct links from the previous year. PINS has transformed its user experience to focus on actionability, relevance, and curation, while distinguishing itself as a positive place online. Looking forward to 2025, management plans to leverage AI and its unique first-party signal to drive more personalized experiences, invest in curation experiences and platform shopability, and continue innovating its lower-funnel tools for advertisers.