Pinterest shows strong Q1 growth and attractive valuation, making it a buy candidate despite 2023 losses.

Pinterest's stock is down about 20% year-to-date despite solid user and revenue growth, including mid-to-high teens revenue growth in Q1. Analyst Gary Alexander reiterates a buy rating, citing the company's strong user trends, accelerating revenue, and attractive valuation with an enterprise value of $11.37 billion after cash and debt adjustments. This suggests Pinterest could be a compelling rebound candidate as software and internet stocks find renewed interest in 2026.