On Tuesday, Pinterest stock earned an upgrade to its Relative Strength (RS) Rating, from 67 to 75.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Pinterest stock can continue to rebound and clear that threshold.
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Is Pinterest Stock A Buy?
Pinterest is now considered extended and out of buy range after clearing a 28.90 buy point in a first-stage double bottom back in October. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth decreased last quarter from 155% to 83%. But revenue moved higher, from 11% to 12%. The social media company is expected to report its latest performance numbers on or around Apr. 25.
Pinterest stock holds the No. 9 rank among its peers in the Internet-Content industry group. Meta Platforms, Kanzhun ADR and SEMrush Holdings are among the top 5 highly rated stocks within the group.
