Pinterest Inc.’s stock jumped 3% on Tuesday after executives forecast accelerated revenue growth following a slowdown dating to 2022.
Speaking at Pinterest’s
To get there, Pinterest rolled out new ad tools at its investor day, including integrations for Salesforce Inc.’s
Pinterest later named Scott Schenkel, the former chief financial officer and interim chief executive of eBay Inc.
“We believe innovation has accelerated at Pinterest over the past nine months,” Roth MKM analyst Rohit Kulkarni said in a note before the conference. “Pinterest has launched new ad formats, shopping tools, and advertiser tools as the company seems focused on building a full-funnel advertising solution.”
Pinterest’s stock is up 8% in 2023, while the broader S&P 500 index