Pinterest Inc (NYSE:PINS) stock is up a further 4% in pre-market trading on Wednesday after executives forecast accelerated revenue growth following a slowdown dating to 2022.
Speaking at Pinterest's first investor day, management said they expect a compound annual growth rate over the next three to five years in the mid-to-high teens, compared with guidance in the high single digits for the third quarter.
Pinterest's sales grew less than 9% last year, and analysts are modeling 8% growth this year.
The firm rolled out new ad tools at its investor day, including integrations for Salesforce's Commerce Cloud and Adobe's Commerce native applications while it also discussed its ongoing AI development.
The stock closed 3.2% higher on Tuesday.