The Next Magnificent 7 Stock Could Be This 1 Unlikely Company. Should You Buy It Here?

Pinterest (PINS) has had a roller coaster of a year with volatility around its quarterly earnings reports. The volatility has had a lot to do with overpromising and underdelivering, something quite common with companies looking to come out of the shadows of larger competitors, as PINS does in the form of other social media giants like Meta Platforms (META) and Google (GOOGL). The Q2 earnings report at the beginning of August acted as a reality check, as the company was unable to beat EPS expectations despite comfortably winning on the revenue front. The operational challenges and high expectations have brought the stock down in the last couple of months, but this is precisely what makes the stock worth another look.

The recent developments surrounding TikTok’s ownership are expected to disrupt social media giants. Disruptions like these allow smaller, more nimble players to use the opportunity and adjust quickly to changing trends. Pinterest stands on the cusp of such an opportunity, and if recent management news and analyst ratings are anything to go by, the stock is setting itself up for a rally that could help it stand right alongside Magnificent 7 stocks.