We recently published a list of the 30 Stocks That Should Double in 3 Years. In this article, we are going to take a look at where Pinterest, Inc. (NYSE:PINS) stands against other stocks that should double in 3 years.

On April 25, Kari Firestone, Aureus Asset Management executive chairman and co-founder, joined CNBC’s ‘Squawk Box’ to discuss the latest market trends and express how this is a reasonable place for long-term investors to enter the market. Despite persistent concerns about a recession coming from tariffs, Firestone thinks that corporate earnings have generally exceeded expectations. The strong performance of major tech companies has been a key driver behind the market’s recent gains, such as those in the MAG7. Elaborating on the significance of these tech giants, Firestone also underscored that the top 2 companies in the S&P 500, regardless of which they are, match the market value of the bottom 300 companies in the index. This concentration means that these leading firms are fundamental to the US economy’s progress.

The conversation then addressed the impact of proposed FDA budget cuts on innovation for biotech companies. Firestone agreed that such cuts could slow down the approval process for new products and drug manufacturing, and she advised against reducing the FDA’s budget. However, she believes that the market has already priced in these risks. She compared the situation to previous market overreactions, such as the 32% drop during the early COVID-19 period, which was followed by a rapid recovery.

Firestone also concluded that the market is now fairly valued. Some sectors offer attractive opportunities due to recent price declines. She assessed the overall market valuation in light of tariff uncertainties and the recent rebound from a 20% drop to a current decline of about 10.5%. She explained that the market’s price-to-earnings multiple has decreased from 22.5x next year’s earnings to 18.5x, assuming no severe recession. She’s confident that the market is unlikely to end the year lower than current levels and recommends that long-term investors enter the market at this stage. Firestone believes that the market has partially priced in the impact of tariffs. She estimated that a 5% to 10% tariff is reflected in current prices. While a full-blown recession may not be entirely priced in, a slowdown likely is.

Our Methodology

We sifted through financial media reports and Reddit threads to compile a list of the top 30 stocks that should double in 3 years. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024. The hedge fund data was sourced from Insider Monkey’s database which tracks the moves of over 1000 elite money managers.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

Pinterest, Inc. (NYSE:PINS)

Number of Hedge Fund Holders: 73

Pinterest, Inc. (NYSE:PINS) is a visual search and discovery platform that allows people to find ideas, such as recipes, home & style inspiration, and others. It lets its users search, save, and shop these ideas. It also offers various advertising products to help advertisers meet users, and an ad auction that allows advertisers to serve ads to users at relevant moments.

Pinterest (NYSE:PINS) recently introduced Performance Plus, which is an AI-powered product to provide greater performance and efficiency to advertisers while automating campaign setup. In 2024, the company’s efforts to build a suite of lower funnel tools that capture users’ commercial intent began to yield strong results. This contributed to an overall revenue growth of 19% to $3.65 billion, which more than doubled the growth rate from 2023.

In Q4 2024 alone, Pinterest achieved its first $1 billion revenue quarter, which grew revenue by 18% and drove a record number of clicks during the critical holiday season, with clicks to advertisers growing over 90% year-over-year. In 2025, Pinterest, Inc. (NYSE:PINS) intends to double down on its efforts to improve these lower funnel tools.

Renaissance Large Cap Growth Strategy recently initiated a position in the company and stated the following regarding Pinterest, Inc. (NYSE:PINS) in its Q4 2024 investor letter:

“We made several changes to the portfolio in the fourth quarter. Most recently, we added a new position in the Communication Services sector in December with Pinterest, Inc. (NYSE:PINS), a leading visual search and discovery platform with a unique curation function that enables users to find and display new ideas and creations that focus on interests such as fashion and home décor among other consumer goods. Since 2022, a new management team has transformed Pinterest into a shopping platform, providing more value and capabilities to advertisers includ ing direct connection with users, resulting in higher profits. In addition, the company was an early adopter of AI to increase personalization, advertising relevance options, and automated processes to increase ease-of-use for smaller advertisers. In the near term, we expect Pinterest to see monetization improvements with upside to Average Revenue Per User (ARPU) and traction in new categories and international markets.”

Overall, PINS ranks 14th on our list of the stocks that should double in 3 years. While we acknowledge the growth potential of PINS, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PINS but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.