Is Pinterest, Inc. (PINS) One of the Cheap Rising Stocks to Buy Now?

Pinterest, Inc. (NYSE:PINS) is one of the cheap rising stocks to buy now. On March 4, Rosenblatt reiterated a Neutral rating on Pinterest, Inc. (NYSE:PINS) and set a $20 price target. The stance is in response to the company’s affirmation of its commitment to shareholder value through buybacks.

Is Pinterest, Inc. (PINS) One of the Cheap Rising Stocks to Buy Now?

Affiliates of Elliot Investment Management are investing $1 billion in the company. Rosenblatt views the $1 billion investment by Elliott and its affiliates as a move to increase its stake in the company. Pinterest plans to use proceeds from the investment to repurchase its shares via a $1 billion accelerated share repurchase agreement.

The repurchase is to be conducted under a $3.5 billion share repurchase program approved by the board. The stock buyback push comes on the heels of the company delivering record revenue in 2025 on users reaching all-time highs for ten consecutive quarters. In addition, the company boasts more than 80 billion monthly searches on the platform as it continues to deliver strong innovation in visual search powered by AI.

Pinterest, Inc. (NYSE:PINS) is a technology company that operates a visual discovery engine where people go to find inspiration, plan projects, and shop. Unlike traditional social media focused on entertainment or news, Pinterest is designed to curate digital bulletin boards of ideas—ranging from home decor and fashion to recipes and travel.

While we acknowledge the risk and potential of PINS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PINS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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