PINTEREST INC-CL A (NYSE:PINS) – A Strong Growth Stock with Technical Breakout Potential

PINTEREST INC-CL A (NYSE:PINS) was identified by our screener as a strong growth stock with a favorable technical setup. The company combines solid fundamentals with improving price action, making it worth a closer look.

Strong Growth Fundamentals

• Revenue & Earnings Growth: PINS has demonstrated strong revenue growth, increasing by 17.81% over the past year, with an average annual growth rate of 26.12% in recent years. Earnings per share (EPS) have also grown by 21.31% year-over-year.
• Profitability: The company maintains a high gross margin of 79.57% and a profit margin of 50.41%, outperforming most peers in the Interactive Media & Services industry.
• Financial Health: With no debt and a current ratio of 8.41, PINS has a strong balance sheet, earning a ChartMill Health Rating of 9/10.

Technical Setup Suggests Upside

• Bull Flag Pattern: The stock is forming a bull flag, a continuation pattern often seen before further upward movement.
• Short-Term Trend Positive: After a period of consolidation, PINS has shown renewed strength, with the short-term trend turning positive.
• Support Levels: Key support lies near $30.90, providing a potential entry point with a defined risk level.

While past performance doesn’t guarantee future results, PINS presents an interesting case with its combination of growth fundamentals and constructive technicals.

Our Strong Growth Stocks with Good Technical Setup Ratings screener lists more stocks meeting these criteria.
For a deeper dive, review the full fundamental report and technical analysis.

Disclaimer

This is not investment advice. Always conduct your own research before making investment decisions.