What happened Pinterest (NYSE: PINS) got hit with some analyst downgrades today that weighed on the stock. A UBS analyst lowered the stock's near-term price target to $32 from $42, while maintaining a neutral rating on the shares. Likewise, OTR Global downgraded Pinterest to mixed from positive. The shares were trading down 6.7% as of 2:26 p.m. ET on Tuesday. Meanwhile, the broader market was down only 0.6%, as stocks staged an afternoon rally. Image source: Getty Images. So what Pinterest will have something to prove when it reports fourth-quarter earnings on Thursday, Feb. 3, after the market close. After the stock dropped 67% from its all-time high in 2021, investors will be looking for strong engagement metrics. The third quarter wasn't bad on the surface. Revenue grew 43% year over year, with adjusted margin in EBITDA (earnings before interest, taxes, depreciation, and amortization) improving to 32% from 21% over the third quarter in 2020. But monthly active users were up only 1%, which wasn't enough to motivate investors to buy a stock trading at a high price-to-sales (P/S) ratio entering the quarter. PINS PS ratio. Data by YCharts. Now what Pinterest is rolling out new video content in the app (Idea Pins), which it believes will make the platform more shoppable and drive engagement and monetization higher. Monetizing users was a bright spot last quarter, with average revenue per user (ARPU) up 37% year over year. More growth in ARPU and healthy margin performance could turn the stock around in 2022. 10 stocks we like better than PinterestWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Pinterest wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of January 10, 2022 John Ballard has no position in any of the stocks mentioned. The Motley Fool owns and recommends Pinterest. The Motley Fool has a disclosure policy.Source