The IBD SmartSelect composite rating for Pinterest (PINS), which was 92 on Tuesday, rose to 96.
The new rating indicates that the stock outperforms 96% of other stocks in terms of the most important criteria for stock selection. In the early stages, winning stocks are often those with a score of 95 or more. This is a good benchmark to use when searching for the best stocks.
Pinterest is currently trading at about 3% over a 28,90 entry price from a double-bottom.
The stock's 92 EPS rating means that its recent quarterly earnings and long-term annual growth rates are higher than 92% of other stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
Earnings per share grew by 155% for the Q3 quarter. The company has posted increasing EPS for four consecutive quarterly periods. Sales grew by 11% in the last quarter, up from just 6%. This is the third consecutive report with increasing growth.
Pinterest is ranked No.4 among its peers in the Internet-Content industry group. Pinterest is ranked No.4 amongst its peers within the Internet-Content Industry Group. Meta Platforms (META), the highest-ranked stock in the group, is Meta Platforms.