1 Growth Stock Near Its 52-Week Low to Buy Right Now

The market's shift away from growth stocks may be scary, but it's essential to look at things in context. And in this case, zooming out helps give a complete perspective. Growth stocks performed absurdly well between 2012 and 2021, and although many dropped like rocks last year, investors with a long-term mindset will want to look beyond that.

When considering whether to buy shares of a company, the most crucial factor shouldn't be its performance over 12 months, but rather the prospects of the company in question. With that in mind, let's look at one growth stock that was hammered last year and is now hovering near its 52-week low: Pinterest (NYSE: PINS). Here's why this tech stock is still a buy.