Pinterest Inc.’s stock jumped 3% on Tuesday after executives forecast accelerated revenue growth following a slowdown dating to 2022.
Speaking at Pinterest’s PINS first investor day, executives said they expect a compound annual growth rate over the next three to five years in the mid- to high teens, compared with guidance in the high single digits for the third quarter. Pinterest’s sales grew less than 9% last year, and analysts are modeling 8% growth this year.
To…
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