Pinterest, Inc. (PINS): A Bull Case Theory

We came across a bullish thesis on Pinterest, Inc. on The Options Oracle’s Substack by Edward Corona. In this article, we will summarize the bulls’ thesis on PINS. Pinterest, Inc.'s share was trading at $33.33 as of October 15th. PINS’s trailing and forward P/E were 11.56 and 14.79 respectively according to Yahoo Finance.

Pinterest, Inc. (PINS) has been navigating a challenging period marked by soft ad growth, a tech rotation, and wavering investor patience, yet recent developments suggest the stock may be positioning for a comeback. Trading has shown resilience, with PINS holding above $30 despite broader market volatility, signaling a potential shift in sentiment. Improved monetization and engagement trends, along with anticipation of the holiday ad season, have sparked renewed interest among traders.

From a technical standpoint, the stock closed at $33.12, staying above its recent average price of $31.86 and moving close to a long-term level near $33.36, a point many investors view as important for regaining strength. The next challenge appears near $35.04, representing a sensible target if momentum continues. Daily trading shows stronger finishes, larger gains, and rising buying activity, suggesting steady pressure from investors. Patterns point to consistent buying interest, while support near $32.50 improves the odds of a gradual upward move.

Other signals add to this cautious optimism: current momentum is steady but with room to rise, and trends that track market direction are beginning to improve, showing early signs of strength. Buying interest is returning, hinting at a possible shift. Overall, PINS presents a risk/reward scenario supported by improving performance, firmer structure, and renewed participation from investors, positioning the stock for a potential rebound in the near term.

Previously we covered a bullish thesis on Pinterest, Inc. (PINS) by Dan in September 2024, which highlighted strong user engagement, AI-powered tools, strategic e-commerce partnerships, and robust revenue growth potential. The stock has appreciated approximately 9.38% since our coverage. The thesis still stands as Pinterest’s monetization potential remains strong. Edward Corona shares a similar perspective but emphasizes technical momentum and near-term trading patterns.

Pinterest, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 93 hedge fund portfolios held PINS at the end of the second quarter which was 86 in the previous quarter. While we acknowledge the potential of PINS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.