This company has the ingredients to grow its business by 10 times.When it comes to growth stocks, investors will be quick to name companies like Shopify, the leading e-commerce software company; Palantir, a leading artificial intelligence (AI) software company; and the mighty Tesla, which requires no introduction.Still, some well-performing companies don't get as much attention from investors but have quietly been delivering massive shareholder returns over the years. This article will highlight one of thos ...

The Trade Desk’s (TTD) shares have gained 39.6% year to date, outperforming the Zacks Computer & Technology sector’s 21.5% gain and the Zacks Internet Services return of 22.8%.TTD is benefiting from an expanding clientele. Over the past 12 months, its platform has been used by the largest 200 advertisers in the world to run their advertising campaigns. A strong partner base that includes the likes of Disney (DIS) , Comcast’s NBCU, Walmart (WMT) , Amazon, Roku, Fox (FOXA) , VerticalScope Holdings, foodpanda ...

Many investors clearly believe this growth company can sustain its upward trajectory.Earlier this month, shares of advertising technology (adtech) company The Trade Desk (TTD 0.30%) hit $100 per share. It wasn't an all-time high -- the company hit that in late 2021. But it was the highest the stock has been in two years, which is exciting.The Trade Desk stock is a little off its high as of this writing. But shares have climbed steadily in recent years, thanks to outstanding business growth. The company's re ...

In the latest market close, The Trade Desk (TTD) reached $95.73, with a +0.51% movement compared to the previous day. This move outpaced the S&P 500's daily loss of 0.78%. Meanwhile, the Dow experienced a drop of 1.29%, and the technology-dominated Nasdaq saw a decrease of 0.7%.Prior to today's trading, shares of the digital-advertising platform operator had lost 4.04% over the past month. This has lagged the Computer and Technology sector's loss of 3.17% and the S&P 500's gain of 2.14% in that time.Investo ...

Trade Desk TodayTTDTrade Desk$100.09 +0.61 (+0.61%) 52-Week Range$60.23▼$102.67P/E Ratio250.23Price Target$94.29Add to WatchlistDigital advertising has rebounded from the doldrums of 2022, powered by the growth of connected TV (CTV) and ad-supported video on demand (AVOD). This is exemplified by the surge to 52-week highs for the largest independent demand-side advertising technology (AdTech) platform provider,  The Trade Desk Inc. NASDAQ: TTD. Shares may be ripe for a pullback as a daily rising wedge rever ...

The Trade Desk (TTD) closed at $99.84 in the latest trading session, marking a -1.65% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 1.02%. Elsewhere, the Dow gained 1.09%, while the tech-heavy Nasdaq added 1.18%.Heading into today, shares of the digital-advertising platform operator had gained 10.12% over the past month, outpacing the Computer and Technology sector's gain of 8.46% and the S&P 500's gain of 4.44% in that time.Analysts and investors alike will be kee ...

The Trade Desk (TTD) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this digital-advertising platform operator have returned +2.8%, compared to the Zacks S&P 500 composite's +3.2% change. During this period, the Zacks Internet - Services industry, which The Trade Desk falls in, has gained 5.2%. The key question now is: What could be ...

In the latest trading session, The Trade Desk (TTD) closed at $97.71, marking a +0.44% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.16%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq lost 0.18%.Shares of the digital-advertising platform operator have appreciated by 5.16% over the course of the past month, underperforming the Computer and Technology sector's gain of 6.77% and outperforming the S&P 500's gain of 3.15%.Investors will be eagerly watching for th ...

Core Insights - The Trade Desk is experiencing strong performance in 2024, driven by several secular tailwinds in the advertising industry, including the shift to streaming and the adoption of UID 2.0 [2][4] - The company reported mixed earnings results, with a revenue miss in Q4 2023 but a strong beat in Q1 2024, leading to a stock increase of 43.26% since the last analysis [2][4] - The stock rating has been downgraded from Strong Buy to Buy, reflecting a more cautious outlook despite the company's growth potential [4] Industry Trends - The advertising industry is increasingly adopting UID 2.0, a privacy-focused identifier that allows marketers to use first-party data for ad targeting, contrasting with Google's proprietary privacy sandbox [5] - Connected TV (CTV) is shifting towards open platforms, benefiting The Trade Desk as advertisers seek alternatives to closed ecosystems dominated by Google and Meta [6] - CTV ad spending has surged nearly 400% since 2019, while linear TV ad spending is projected to decline from $61.31 billion in 2023 to $56.83 billion by 2027 [6] Company Performance - The Trade Desk's Q1 2024 revenue grew by 28% year-over-year to $491 million, exceeding guidance, with a strong customer retention rate of over 95% [8][9] - The company achieved a non-GAAP adjusted net income of $131 million in Q1 2024, with free cash flow of $176 million [12][14] - Management's guidance for Q2 2024 anticipates revenue of $575 million, a 24% year-over-year increase [14] Financial Metrics - The Trade Desk's price-to-sales (P/S) ratio is 23.75, slightly above its five-year median, indicating potential overvaluation [17] - The company has a strong balance sheet with $1.4 billion in cash and no debt, positioning it well for future growth [14] - Analysts expect the company to grow revenue at a CAGR of 15.26% over the next ten years, with some projecting a higher growth rate of 20.81% over the next five years [24][25] Investment Considerations - The stock may be overvalued in the short term, but aggressive growth investors may find it appealing due to its potential for sustained revenue growth [29] - The Trade Desk's focus on growth over immediate profitability, along with its innovative ad technology, suggests a long-term investment opportunity [12][29] - The company faces competition from major players like Adobe, Microsoft, and Amazon, which could impact its market position [16]

The Trade Desk helps marketers purchase digital advertising programmatically.Fool.com contributor Parkev Tatevosian highlights the factors that every investor interested in The Trade Desk (TTD 1.61%) stock should know.*Stock prices used were the afternoon prices of June 16, 2024. The video was published on June 18, 2024. ...