Pinterest stock saw its IBD SmartSelect Composite Rating rise to 96 Thursday, up from 88 the day before.
The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The market's biggest winners often have a 95 or higher score in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
Pinterest stock is not currently near a proper buy point. This is not the time to buy stocks during a market correction, but build a watchlist of possible emerging leaders once the market trend turns around.
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The stock earns a 90 EPS Rating, meaning its recent quarterly and longer-term 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.
Pinterest Earnings
The social media content company reported a 6% increase in earnings for Q4. Top line growth was flat, matching the prior report's 18%.
Pinterest stock earns the No. 5 rank among its peers in the Internet-Content industry group. Meta Platforms is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
