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Pinterest stock rockets toward best day on record as analysts cheer ‘valuable and growing’ user base – MarketWatch

Earnings highlight greater convergence between social media and online shopping, analysts say

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Pinterest Inc. shares are zooming toward their best day on record Thursday after the company easily topped expectations for user growth, revenue, and earnings.Shares of Pinterest
PINS,
+25.66%
are up 38% in Thursday morning trading to roughly $68. The stock is cruising toward a new all-time closing high as well, as it has never finished a trading day above $53.Read: Pinterests pandemic surge continues, stock jumps toward fresh record highs
The results were enough to earn Pinterest at least two…

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