The Trade Desk (TTD) offers a compelling growth story: should you accumulate?

A loss of nearly 10% YTD for Trade Desk Inc. (NASDAQ:TTD) stock will obviously be a talking point. That is despite a meagre average loss of less than 1% for its tech peers in the Nasdaq composite.However, the Trade Desk’s performance over the year is impressive at over 35%, compared to Nasdaq’s 10% loss. Our preliminary analysis shows Trade Desk may continue to bleed, but the downtrend won’t last long. In the longer term, TTD is attractive and one of the best growth stocks in 2024.  In terms of valuation, T ...