Core Viewpoint - Citigroup has adjusted earnings expectations and target prices for most companies in the North American internet sector due to anticipated tariff impacts and a weakening macro environment [1] Online Advertising - Citigroup has lowered online advertising revenue forecasts due to macroeconomic uncertainties and expected spending cuts by advertisers, particularly in the second half of the year [2] - The Trade Desk is expected to be most directly affected by tariffs, with revenue projections for FY2025 reduced from $2.879 billion to $2.755 billion and target price cut from $70 to $63 [2] - Criteo's revenue forecast for FY2025 has been adjusted from $1.168 billion to $1.147 billion, with target price decreased from $60 to $47 [2] - IAC's target price has been lowered from $47.55 to $45, ZiffDavis from $52 to $35, and Outbrain from $5.9 to $4 [3] E-commerce - Consumer confidence is near historical lows, prompting a reduction in forecasts for discretionary e-commerce companies due to potential tariff impacts [4] - eBay is considered to have the strongest defense against tariffs, with FY2025 GMV expectations adjusted from $75.923 billion to $75.436 billion and target price from $80 to $79 [4] - Etsy's FY2025 GMS forecast has been lowered from $12.115 billion to $11.749 billion, with target price cut from $53 to $48 [4] - Wayfair's FY2025 revenue expectation has been reduced from $11.830 billion to $11.464 billion, with target price slightly increased from $28 to $30 [4] Website Builders - Website builders like GoDaddy and Wix.com are seen as having strong fundamentals despite potential pressures on small businesses from tariffs and economic slowdown [5] - GoDaddy's FY2025 revenue forecast has been adjusted from $4.934 billion to $4.888 billion, with target price cut from $260 to $234 [6] - Wix.com's FY2025 revenue expectation has been lowered from $1.989 billion to $1.963 billion, with target price reduced from $280 to $238 [6]

Core Viewpoint - The Trade Desk presents a compelling investment opportunity following a significant stock price drop, making it cheaper than in recent times, despite its strong growth potential [1][6]. Group 1: Company Performance - The Trade Desk has consistently met management revenue guidance until it missed expectations in Q4, leading to a stock decline of over 30% [2][3]. - Currently, The Trade Desk's stock is down 65% from its all-time high, with the last comparable price point being in January 2023 [3]. - The company is undergoing a transition from its old Solimar platform to a new AI-based Kokai platform, which caused revenue guidance misses but is expected to enhance long-term performance [4]. Group 2: Future Growth Potential - The Trade Desk's Q1 guidance indicates a modest revenue growth expectation of 17%, but there is optimism that actual results may exceed this projection [5]. - Analysts project revenue growth of 17% in 2025 and 20% in 2026, indicating a strong growth trajectory as the market shifts from linear to connected TV [8]. - The stock is currently viewed as a strong buy, especially given its potential market value by the start of 2025 [6]. Group 3: Market Context - The stock experienced a significant sell-off due to a revenue miss and broader market declines, creating a favorable buying opportunity for long-term investors [9]. - The Trade Desk's forward PE ratio of 27 times earnings reflects its growth potential, despite being considered not cheap [8].

Core Viewpoint - The Trade Desk is viewed as a compelling long-term investment despite a significant stock decline of 65% over five months, attributed to a soft earnings report and missed revenue guidance [1][2][4]. Company Performance - The Trade Desk's stock peaked at $139.51 per share on December 4, 2024, reflecting a 156% gain over two years, but has since fallen 65.4% as of April 22, 2024 [3]. - The company faced a revenue shortfall in its earnings report, leading to a 33% drop in stock price the following day [4][5]. Management Response - The management team acknowledged the revenue miss and outlined a plan to address the issues without resorting to cost-cutting measures, focusing instead on restructuring and targeting brand-building customers [5][6][7]. - The restructuring aims to create a more efficient organization with clearer performance goals and improved operations [8]. Market Position - The Trade Desk maintains higher valuation ratios compared to its ad-tech peers, justified by its strong long-term business prospects in the evolving digital advertising space [9][10]. - The company is well-positioned to benefit from the shift in marketing budgets towards brand-building video spots, which aligns with its core competencies [9]. Investment Outlook - Despite the stock's high valuation, it is considered a good opportunity for long-term investors to start or increase their positions [10].

RADNOR, Pa., March 30, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that securities class action lawsuits have been filed against The Trade Desk, Inc. ("Trade Desk") (NASDAQ: TTD) on behalf of those who purchased or otherwise acquired Trade Desk Class A common stock or call options, or sold Trade Desk put options, between May 9, 2024, and February 12, 2025, inclusive (the "Class Period"). The lead plaintiff deadline is April 21, 2025. CONTACT KESSL ...

NEW YORK, March 30, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against The Trade Desk, Inc. (NASDAQ: TTD) and certain of the Company's senior executives for potential violations of the federal securities laws. If you invested in Trade Desk, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/the-trade-desk-inc. Investors have until April 21, 2025, to ask the Court to be appoin ...

Despite the stock's struggles, there remains a lot to appreciate about The Trade Desk.After stellar performances in 2023 and 2024 that resulted in a two-year gain of 84.5%, the Nasdaq Composite fell as low as 17,303.01 on March 13 -- a drop of 14.2% drop from the high of 20,173.89 it set on Dec. 16. With that downturn exceeding 10%, the index officially entered correction territory. Although the Nasdaq Composite has ticked up a bit over the past few weeks, it is still about 10% lower than its previous high. ...

Market Overview - The stock market experienced significant downturns, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite declining by 8.6%, 10.1%, and 13.7% respectively between February 19 and March 13 [2] - The S&P 500 quickly recovered from correction territory, while the Nasdaq Composite followed shortly after [3] Investment Opportunities The Trade Desk - The Trade Desk's shares are over 57% below their all-time high, presenting a buying opportunity despite near-term economic concerns [4] - The company is well-positioned to benefit from rising digital advertising spending, particularly through its Unified ID 2.0 technology [5] - The forward P/E ratio of 27 is significantly lower than its average of nearly 89 over the past five years, indicating a potential value buy [6] PayPal Holdings - PayPal's total payment volume increased by 10% to $1.68 trillion in 2024, despite modest active account growth [8] - The appointment of CEO Alex Chriss is expected to drive innovation and cost-cutting measures, enhancing profitability [9] - PayPal's forward P/E ratio of 12.6 represents a 37% discount compared to its average over the last five years [10] Amazon - Amazon's future growth is heavily reliant on its AWS segment, which is the leading cloud infrastructure provider [12] - The company is also expanding its advertising and subscription services, with both segments showing double-digit sales growth [13] - Shares are currently priced at approximately 12.2 times forecast cash flow for 2026, which is 42% below its historical average [14] BioMarin Pharmaceutical - BioMarin focuses on rare diseases, providing it with unique pricing power and limited competition [15] - The company's top-selling drug, Voxzogo, generated $735 million in sales, a 56% increase from the previous year [16] - BioMarin aims to reach $4 billion in annual sales by 2027, a 40% increase from 2024 sales of $2.85 billion [17] - The forward P/E ratio of 13.5 is 64% below its average over the past five years [18] Alphabet - Alphabet is positioned as a strong investment opportunity, with a dominant market share in internet search [20] - The company's future growth is expected to be bolstered by its Google Cloud platform, particularly with the integration of AI solutions [21] - Shares can be purchased for 16.4 times forecast earnings in 2026, a 27% discount to its five-year average [22]

Core Viewpoint - The article discusses the potential of growth stocks that have recently experienced significant declines in value, presenting them as attractive investment opportunities for long-term portfolios [1][3]. Group 1: Market Overview - Growth stocks are appealing for investors aiming to achieve financial goals quickly, although some may prefer dividend-paying stocks [1]. - Recent market downturns have led to attractive valuations for certain growth stocks, with some companies experiencing share price drops of at least 20% over the past month [3]. Group 2: Company Analysis - **Block (formerly Square)**: - The stock has fallen significantly, nearing its 2018 price, with a recent revenue growth of only 4.5% year over year, but earnings per share (EPS) increased by 51% [5][4]. - **The Trade Desk**: - Despite a 41% drop in stock price following a disappointing earnings report, the company reported a 22% year-over-year revenue increase and a 44% rise in non-GAAP income [6][7]. - The CEO acknowledged execution missteps but expressed optimism due to increasing ad placements in streaming services [8]. - **Accenture**: - This professional services giant has seen its stock decline nearly 20% over the past year, but it has a strong historical performance with annual gains of 16.5% over the past five years [10]. - Recent earnings showed a drop in new bookings growth, but the company is investing in new technology and has a growing dividend yield of 1.8% [11]. - **MongoDB**: - The company reported a 20% year-over-year revenue increase, with its cloud platform, Atlas, contributing 71% of the revenue [12]. - Concerns exist regarding customer spending in the current economic climate, but the company is investing in artificial intelligence [12][13]. Group 3: Investment Considerations - Each of the discussed companies presents potential for above-average gains in the long term, despite current market challenges [13]. - For investors uncertain about selecting individual stocks, exchange-traded funds (ETFs) focused on growth may be a viable alternative [13].

Core Viewpoint - The recent decline in The Trade Desk's stock price, attributed to a missed revenue forecast, may present a buying opportunity given the company's strong future prospects and discounted stock price [1][2]. Company Overview - The Trade Desk operates as a buy-side platform for digital advertising, allowing advertisers and ad agencies to create, manage, and monitor digital ad campaigns across various channels [3]. - The platform offers a competitive advantage over larger digital advertisers like Google, as it is unbiased and focuses solely on maximizing campaign effectiveness [4][5]. Technological Edge - The Trade Desk has been leveraging AI technology since 2018 with its Koa platform, which predicts auction clearing prices and assigns relevance scores to ad placements [6]. - The introduction of the Kokai platform in 2023 enhanced the capabilities of Koa, improving forecasting and measurement, and incorporating additional data sources to increase efficiency and transparency in media buying [7]. Financial Performance - In 2024, The Trade Desk reported revenue exceeding $2.4 billion, reflecting a 26% year-over-year increase, surpassing the 23% growth rate of 2023 [8]. - However, the company's Q4 revenue of $741 million fell short of the forecasted $756 million, leading to a significant stock price drop of nearly 60% over 3.5 months [9]. - Despite the revenue miss, net income for 2024 reached $393 million, a 120% increase, and the first-quarter revenue forecast of $575 million indicates a potential 17% increase [10]. Valuation Metrics - The current P/E ratio of 72, while high, is typical for growth stocks, and the forward P/E ratio of 31 suggests potential for value investment [10]. - The P/E ratio has decreased from nearly 230 in December, indicating a more attractive valuation for investors [11]. Investment Consideration - The recent sell-off in The Trade Desk stock may position it as a top buy, especially given its essential role in helping advertisers maximize campaign effectiveness through its advanced technology [12][13]. - The improvements in the Kokai platform and sustained revenue growth further support the case for investment, as the stock is on track to be perceived as a value stock [13].

Core Viewpoint - The recent market sell-off has created attractive buying opportunities for long-term investors, particularly in growth stocks like The Trade Desk, which has seen significant price declines despite its long-term potential [1][2]. Company Overview - The Trade Desk operates in the programmatic advertising platform sector, assisting ad buyers in placing ads effectively across various media, including podcasts, videos, and connected TV [3][4]. Recent Performance - The Trade Desk experienced a significant decline in stock price, approximately 60% down from its all-time high, following a disappointing Q4 earnings report where revenue fell short of projections [5][8]. - In Q4, The Trade Desk reported revenue of $741 million, missing the guidance of $756 million, and projected a revenue of $575 million for Q1, indicating a 17% growth slowdown [5][6]. Management Insights - Management acknowledged execution mistakes during Q4, attributing some challenges to a platform transition from Solimar to Kokai, expected to complete by 2025 [6]. - CEO Jeff Green expressed confidence in the long-term market potential despite short-term execution issues, likening the situation to a championship team facing challenges in a specific game [6][7]. Market Opportunity - The shift towards streaming services presents a substantial opportunity for programmatic advertising, allowing targeted ads to replace traditional broad-reaching advertisements [4]. - The Trade Desk's long-term growth potential remains strong, with expectations to capture a significant market share despite current valuation concerns [9][10]. Investment Perspective - The current stock price presents a rare buying opportunity, as The Trade Desk has lost its premium valuation, making it more attractive for long-term investors [8][10]. - A forward earnings valuation of 30 times is considered a better price compared to previous months, suggesting potential for growth into this valuation [9].