15 Buzzing AI Stocks Making Headlines

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7. Pinterest, Inc. (NYSE:PINS)

Number of Hedge Fund Holders: 66

Pinterest, Inc. (NYSE:PINS) is a visual search and discovery platform powered by AI recommendation models. On November 26, TD Cowen analyst John Blackledge initiated coverage of Pinterest, Inc. (NYSE:PINS) with a “Buy” rating and a $38 price target. TD Cowen’s survey data shows Pinterest “over-indexes on product discovery use case relative to other Social Platforms, a tailwind for monetization”. The analysts told in a research note that 44% of U.S. Pinterest users visit the platform to “find or shop for products”. This is double the same metric for other social networks like Reddit, Facebook, and Instagram. The firm also said that the company is now injecting billions of user actions into its artificial intelligence models for delivering more personalized and relevant content and ads.

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