On Monday, Pinterest got an upgrade for its IBD SmartSelect Composite Rating from 84 to 98.
The new rating shows the stock is outpacing 98% of all stocks when it comes to the most important stock-picking criteria. The market's biggest winners often have a 95 or higher grade in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
Pinterest is currently forming a cup without handle, with a 45.19 entry. See if the stock can break out in volume at least 40% higher than normal.
Looking For The Best Stocks To Buy And Watch? Start Here
The stock sports a 90 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 90% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q4, the company posted 6% EPS growth. Top line growth was flat, matching the prior report's 18%.
Pinterest holds the No. 4 rank among its peers in the Internet-Content industry group. Full Truck Alliance ADR is the No. 1-ranked stock within the group.
