The Trade Desk (TTD) climbed to a new all-time high ahead of the company's earnings after the closing bell. Landon Swan believes many investors overlooked the stock but worries the Trade Desk set the bar too high.
TTD's Q3 2024 earnings are expected to have been driven by strong demand for CTV, retail media, Kokai and UID2 solutions, as well as a solid partner base.
The adoption of AI within the digital advertising industry allowed this company to step on the gas.
The shares have climbed 67% this year and already trade at a high valuation.
The Trade Desk (TTD) reachead $121.98 at the closing of the latest trading day, reflecting a +0.3% change compared to its last close.
This digital advertising stock is in a bullish chart pattern and reached an all-time high. The company reports Q3 earnings next week.
Big money might be made in the sitting but for swing trading locking in gains while you have them take priority.
The Trade Desk's prospects are driven by strong demand for UID2 solutions, as well as a solid partner base. However, stretched valuation is a concern.
The Trade Desk (TTD) concluded the recent trading session at $117.17, signifying a -1.49% move from its prior day's close.
The Trade Desk (TTD) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The Trade Desk (TTD) closed the most recent trading day at $117.63, moving -0.26% from the previous trading session.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?