The Trade Desk (TTD) Soars 6.6%: Is Further Upside Left in the Stock?

Group 1: The Trade Desk Overview - The Trade Desk (TTD) shares increased by 6.6% to close at $80.4, with notable trading volume compared to typical sessions, and a 7.4% gain over the past four weeks [1] - The company is experiencing growth due to the rising adoption of Connected TV (CTV), which is becoming a central focus of its growth strategy [1] Group 2: Earnings Expectations - The Trade Desk is expected to report quarterly earnings of $0.42 per share, reflecting a year-over-year increase of 7.7%, with revenues projected at $684.33 million, up 17.1% from the previous year [2] - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, indicating that stock price movements may not continue without trends in earnings estimate revisions [3] Group 3: Industry Comparison - The Trade Desk is part of the Zacks Internet - Services industry, where Shopify (SHOP) has a consensus EPS estimate of $0.28, also reflecting a year-over-year change of 7.7%, and currently holds a Zacks Rank of 1 (Strong Buy) [3][4]