TTD Rises 79% in a Year: Is it Too Late to Jump Into the Stock?

The Trade Desk’s (TTD) shares have appreciated 79% in the past 12 months, outperforming both the Zacks Computer & Technology sector and the Zacks Internet Services industry. While the broader sector has returned 49.8%, the industry has returned 34.7% over the same timeframe.The Trade Desk shares are riding on strong top-line growth driven by an expanding clientele. In the first half of 2024, revenues jumped 27% over the year-ago period, driven by higher spending from new and existing clients.TTD’s self-serv ...