The shares have climbed 67% this year and already trade at a high valuation.Shares of The Trade Desk (TTD -0.85%) have been on fire in 2024. Despite its premium valuation, investors are still bullish on the company's prospects as its stock hits new highs above $120 per share.Wells Fargo analyst Alec Brondolo initiated coverage this week with an overweight (buy) rating and a $150 price target, implying upside of 25%. Four in five analysts rate the stock as a "buy" or "strong buy" with an average price target ...

In the latest trading session, The Trade Desk (TTD) closed at $121.98, marking a +0.3% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.33%. Meanwhile, the Dow lost 0.22%, and the Nasdaq, a tech-heavy index, lost 0.56%. Heading into today, shares of the digital-advertising platform operator had gained 11.86% over the past month, outpacing the Computer and Technology sector's gain of 2.83% and the S&P 500's gain of 1.83% in that time. Investors will be eagerly watchi ...

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 ...

Are you looking for the next big thing in tech? Check out two software stocks that could deliver strong returns from very different angles.When it comes to outperforming Wall Street, there isn't a one-size-fits-all approach. Great companies can be stellar investments even if the stock is soaring to all-time highs. You can afford some more uncertainty if the stock's valuation is lower.On that note, let me show you examples of these two strategies. Online advertising technologist The Trade Desk (TTD 1.89%) is ...

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The Trade Desk (TTD) ended the recent trading session at $115.71, demonstrating a +0.12% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.21%. On the other hand, the Dow registered a loss of 0.14%, and the technology-centric Nasdaq decreased by 0.05%.The the stock of digital-advertising platform operator has risen by 13.74% in the past month, leading the Computer and Technology sector's gain of 9.62% and the S&P 500's gain of 5.94%.Analysts and investors alike w ...

The Trade Desk (TTD) ended the recent trading session at $113, demonstrating a +1.38% swing from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.9%. Meanwhile, the Dow experienced a rise of 0.81%, and the technology-dominated Nasdaq saw an increase of 1.22%.The digital-advertising platform operator's stock has climbed by 7.65% in the past month, exceeding the Computer and Technology sector's gain of 5.76% and the S&P 500's gain of 3.15%.The investment co ...

The latest trading session saw The Trade Desk (TTD) ending at $109.36, denoting a -1.23% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.4%. On the other hand, the Dow registered a gain of 0.62%, and the technology-centric Nasdaq increased by 0.6%.Shares of the digital-advertising platform operator have appreciated by 8.36% over the course of the past month, outperforming the Computer and Technology sector's gain of 0.91% and the S&P 500's gain of 1.71%.The investment co ...

The Trade Desk’s (TTD) shares have returned 5.8% in the past month, outperforming both the broader Zacks Computer & Technology sector and the Zacks Internet Services industry. While the broader sector has declined 2.2%, the industry has dropped 4.4% 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 as well as existing clients.TTD’s sel ...

Is the adtech stock's run-up over?Cathie Wood has become a popular investment manager to watch. She invests in disruptive tech stocks through her company, Ark Invest, and the exchange-traded funds (ETFs) it sells.Last week, Ark sold shares of adtech company The Trade Desk (TTD -0.65%). Should investors follow suit?All about The Trade DeskThe Trade Desk is a digital platform that connects advertisers and media outlets. It's really as simple as that, although it uses artificial intelligence (AI) and top techn ...