Beyond the Tech Giants: 35 Non-Tech AI Opportunities

7. Pinterest, Inc. (NYSE:PINS) 

Number of Hedge Fund Holders: 61

Pinterest, Inc. (NYSE:PINS) operates as a visual search and discovery platform in the United States and internationally. The firm uses AI Pinterest uses AI in several key ways to enhance user experience and improve the platform. These include content discovery, where AI algorithms help users discover relevant pins and boards based on their interests and previous interactions, as well as visual search, where the search tool allows users to find pins related to an image they upload and AI analyzes the content of the image to identify similar items or ideas. The firm also uses AI for help in categorizing and tagging images automatically, making it easier for users to find specific types of content. It uses AI to optimize ad targeting too, ensuring that ads are shown to the most relevant audiences based on their interests and engagement.

Pinterest, Inc. (NYSE:PINS) has invited bullish calls from Wall Street. Cantor Fitzgerald analyst Deepak Mathivanan recently initiated coverage of the stock with an Overweight rating and $41 price target. In an investor note, the analyst detailed that the shares have been on a rollercoaster in 2024 and currently lag Nasdaq year-to-date despite FY25 revenues and EBITDA being revised higher, and the investment community was skeptical of the growth outlook after the company’s light Q3 guidance. However, the analyst noted that Pinterest had many promising initiatives in early stages that would help sustain growth.