![]() The analyst added that he thought Pinterest, Inc. The company posted a "surprising" upside to Q1 revenue and EBITDA forecasts, but its Q2 guidance indicates declines on summer seasonality and tougher yearly comps, the analyst told investors in a research note. (NYSE:PINS) but lowered the price target on the shares to $28 from $38. MKM Partners analyst Rohit Kulkarni on April 28 reiterated a Buy recommendation on Pinterest, Inc. The revenue grew 18.48% year-over-year to $574.89 million, outperforming Street forecasts by $2.24 million. (NYSE:PINS) reported its Q1 results, posting earnings per share of $0.10, beating market estimates by $0.07. The broad index has tumbled by over $2 trillion this year to $38.3 trillion, partly due to recession fears as the Fed continues its tightening monetary policies with huge rate hikes. Vanda Research said that net inflows in the US stock market by retail investors were near record highs at an average of $1.3 billion per day on a three-month basis, while the average portfolio drawdown was 32%. This has helped the S&P 500 to avoid slipping into the bear territory, unlike the tech-heavy NASDAQ. On May 25, Vanda Research, a global independent financial research company, reported that retail investors continue to invest in the US equity market despite heavy losses to their portfolios. ![]() Retail Investors Buy The Dip Despite Selloff Legendary billionaire Warren Buffett has always told investors to be fearful when others are greedy and be greedy when others are fearful, essentially advising to buy the dips on quality names. Stock markets have been in the red almost consistently since the beginning of 2022, with benchmarks like NASDAQ 100, S&P 500, and Dow Jones down 23.15%, 13.31%, and 9.22% year-to-date as of May 27, respectively. If you want to see more stocks to buy on the dip, click 5 Best Buy-the-Dip Growth Stocks to Buy Now. In this article, we discuss 10 best buy-the-dip growth stocks to buy now.
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