Is The Trade Desk Stock a Buy, Sell or Hold at its P/S of 20.78X?

The Trade Desk (TTD) shares are trading at a stretched valuation, as suggested by the Value Score of F. In terms of the 12-month Price/Sales (P/S), TTD is currently trading at 20.78X, a premium compared with the Zacks Computer & Technology sector’s 6.44X and the Zacks Internet – Services industry’s 5.89X.Price/Sales Ratio (F12M)Image Source: Zacks Investment ResearchShares of The Trade Desk have surged 73.7% in the year-to-date period, outperforming the broader sector’s appreciation of 32% and the industry’ ...