Here's My Top Growth Stock to Buy Right Now
Want to beat the market? Invest in growth stocks. These are shares in companies that increase revenue and profits faster than average, which can help them generate massive returns over the long term. This exciting asset class has crushed the broader market's returns in recent years. Pinterest (NYSE: PINS) fits the bill with its rapidly expanding social media platform. Let's explore why it is a great growth stock to buy at a discount today.
While the coronavirus pandemic is far from over, 2020's stay-at-home trend has started to fade, hurting the operating results of online-focused companies. Pinterest's second-quarter sales soared 125% to $613 million, powered by a surge in average revenue per user (ARPU). But investors were disappointed by the slowdown in monthly active users (MAU), which only increased 9% year over year to 454 million -- that's down from a 30% growth rate in the previous quarter.
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Source Fool.com
