Pinterest (PINS - Free Report) shares jumped 9.6% to close at $21.51 on Jan 14 after an eMarketer report showed that it surpassed Snapchat (SNAP - Free Report) as the third-largest social media service in the United States, following Facebook and Instagram.
Per the report, Pinterest had 82.4 million users in 2019, up 9.1% year over year compared with Snapchat’s 80.2 million users, which was up 5.9% year over year.
Pinterest’s user growth can be attributed to its universal appeal across different age groups, while Snapchat caters primarily to a younger audience.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Pinterest (PINS - Free Report) shares jumped 9.6% to close at $21.51 on Jan 14 after an eMarketer report showed that it surpassed Snapchat (SNAP - Free Report) as the third-largest social media service in the United States, following Facebook and Instagram.
Per the report, Pinterest had 82.4 million users in 2019, up 9.1% year over year compared with Snapchat’s 80.2 million users, which was up 5.9% year over year.
Pinterest’s user growth can be attributed to its universal appeal across different age groups, while Snapchat caters primarily to a younger audience.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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