Are you looking for the next big thing in tech? Check out two software stocks that could deliver strong returns from very different angles.
Shares of digital advertising platform operator The Trade Desk, Inc. (TTD) are rising on big revenue and market share gains.
The Trade Desk (TTD) closed at $115.71 in the latest trading session, marking a +0.12% move from the prior day.
Recently, Zacks.com users have been paying close attention to The Trade Desk (TTD). This makes it worthwhile to examine what the stock has in store.
The Trade Desk (TTD) closed the most recent trading day at $113, moving +1.38% from the previous trading session.
The Trade Desk has surged over 50% YTD, driven by strong growth. The company notes that macroeconomic uncertainty is actually funneling more ad spend through its platform, as CMOs want to be more targeted on their reach. Maintain a buy rating with a $124 price target, but recommend monitoring for a near-term exit due to valuation risks.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
In the most recent trading session, The Trade Desk (TTD) closed at $109.36, indicating a -1.23% shift from the previous trading day.
The Trade Desk (TTD) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The Trade Desk (TTD) closed at $109.51 in the latest trading session, marking a -0.57% move from the prior day.
TTD's prospects are driven by strong demand for UID2 solutions, as well as a solid partner base. However, stretched valuation is a concern.
Cathie Wood owns The Trade Desk stock in two of her ETFs, but recently she sold some of the shares. The Trade Desk has a huge market opportunity and a platform that provides clients with incredible data-based services.