13 Best Blue Chip Stocks to Buy Under $50

Page 12 of 12

1. Pinterest, Inc. (NYSE:PINS)

Number of Hedge Fund Holders: 66

Share Price as of the Close of December 10: $27.7

Pinterest, Inc. (NYSE:PINS) is one of the best blue-chip stocks to invest in.

On December 11, Pinterest, Inc. (NYSE:PINS) announced that it has signed a definitive agreement to acquire tvScientific, a connected TV (CTV) performance advertising platform. This move will let Pinterest use its intent-driven audience data alongside a CTV engine for the first time, giving marketers a clearer picture of how TV ads contribute to the results of their performance campaigns.

Pinterest, Inc. (NYSE:PINS) now reaches about 600 million monthly active users who have saved Pins across 15 billion boards. This activity creates strong predictive signals about what people want to do or buy next. By acquiring tvScientific, Pinterest plans to bring these high-intent audiences into the CTV space. tvScientific’s outcome-based CTV platform will be built directly into Pinterest’s performance tools, including its automation and AI-powered advertising suite, Pinterest Performance+.

Earlier on December 8, Wedbush downgraded Pinterest, Inc. (NYSE:PINS) to Neutral from Outperform and cut its price target to $30 from $34. Wedbush called the company’s Q3 results “mixed” and said its outlook reflects a “less constructive range of outcomes” due to macro uncertainty and tariff concerns. The firm also noted that investors are watching the rising adoption of competing agentic commerce tools, which adds another layer of risk.

Wedbush believes Pinterest is on track to land at the lower end of its intermediate-term targets and thinks the stock’s current valuation now looks more balanced. It also sees limited visibility into any near-term catalysts that could significantly boost growth.

Pinterest, Inc. (NYSE:PINS) is a visual discovery platform where people explore ideas, save content, and plan projects through Pins.

While we acknowledge the potential of PINS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PINS and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 15 Best Stocks to Buy for the Long Term and11 Best Low Priced Dividend Stocks to Buy According to Analysts.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 12 of 12