Categories Analysis, Technology

Trade Desk (TTD) Stock: Here’s an investment opportunity you can’t miss

The Trade Desk, Inc. (NASDAQ: TTD) created significant shareholder value over the years, leveraging the rapidly expanding market for online advertising. The company, a market leader in the innovative concept of programmatic advertising, has played a key role in transforming the way the ad world functions.

trending stocks high volatility

The stock closed the last session sharply lower, as Wall Street witnessed a hectic tech selloff, after hitting an all-time high at the beginning of the session. The withdrawal, less than one week ahead of the company’s fourth-quarter report, came as a disappointment to the market. However, Analysts’ positive estimates point to improvement as the earnings event nears.

In the longer term, the price moderation will likely persist, in line with the target set by experts. The good news is that now Trade Desk has become more affordable to potential investors who believe the stock is overvalued.

Experts’ View

Most market watchers recommend buying the stock, taking a cue from the company’s growth prospects. It needs to be noted that Trade Desk has maintained steady momentum so far, supported by constant innovation and strategic partnerships – a trend that is expected to continue in the foreseeable future.

Thriving Biz

The company has been successful in earning the trust of advertisers across the globe and the goodwill is paying off. There is every reason to believe that the adoption of programmatic advertising would gather steam in the coming years, which will reflect in Trade Desk’s top-line performance.

A Sure Bet?

The stock has remained an investors’ favorite ever since it started trading a few years ago, even though the value kept increasing. TTD gained about 58% in the past twelve months and 16% since the beginning of 2020.

Also Read:  Usa Technologies Inc. (USAT) Q4 2020 Earnings Call Transcript

The general outlook on the industry is quite bullish, given the steady uptick in ad spending by enterprises. The trend is fast catching up, buoyed by the positive momentum in the global economy.

Also See: Trade Desk Q3 2019 Earnings Call Transcript

In the third quarter, a double-digit growth in revenues drove up Trade Desk’s earnings by 15% to $0.75 per share. The results benefited from higher ad spend across all the platforms, especially the mobile and connected TV channels.

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

Most Popular

COVID-19 drove retailers up the digital path years ahead than anticipated

Earlier we looked into how, during the COVID-19 pandemic, retailers saw changing trends in terms of their assortments and how the acceleration of online shopping led many of them to

Snowflake (SNOW) creates a record as the most successful software IPO ever; stock more than doubles

Data is at the heart of business innovation. Recognizing this trend, companies are seeking ways to transform their businesses by capturing, analyzing, and mobilizing data. The public cloud is becoming

Adobe (ADBE) sees new tailwinds as virtual shift gathers steam

The second half has been highly rewarding for design software maker Adobe Inc. (NASDAQ: ADBE) amid stable demand for digital content solutions. The company has remained unaffected by the virus-related

2 thoughts on “Trade Desk (TTD) Stock: Here’s an investment opportunity you can’t miss

Comments are closed.

Top