2 Stocks to Buy Near Their 52-Week Lows
Recent developments have led to significant declines in the stock prices of Pinterest (NYSE: PINS) and (NYSE: ZTS). Due to company-specific issues, both are currently not that far from their 52-week lows. The good news, though, is that Pinterest and Zoetis may be able to recover from their recent woes and deliver strong returns over the long run, which would make them steals at current levels.
Let's examine why these companies, despite recent setbacks, may still be worth it for investors focused on the long term.
Pinterest, a leading social media company, saw its stock price plummet following the release of its third-quarter earnings. The company's results weren't bad, but they fell short of the market's expectations, particularly on the bottom line. Pinterest's revenue grew by a strong 17% year over year to approximately $1 billion. Earnings per share were $0.13, up significantly from the $0.04 reported in the year-ago period but not as high as analysts wanted.
Source Fool.com
Zoetis Inc. A Stock
With 19 Buy predictions and not the single Sell prediction the community is currently very high on Zoetis Inc. A.
As a result the target price of 179 € shows a very positive potential of 67.2% compared to the current price of 107.06 € for Zoetis Inc. A.
