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.
Zacks.com users have recently been watching The Trade Desk (TTD) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The Trade Desk, Inc. TTD shares are trading higher on Wednesday. B of A Securities analyst Jessica Reif Ehrlich initiated coverage on the company with a Buy rating and a price target of $135.
The Trade Desk is taking advantage of consumers being in front of digital content more than ever. The company is consistently growing revenues by over 20% annually, which far outpaces many of its peers and suggests it's a great business.
The Trade Desk is a leading independent digital ad marketplace, benefiting from increasing digital ad spending and partnerships with premium streaming services like Disney and Netflix. TTD's unique user identifier, UID2, positions it among top players like Google and Meta, enhancing its competitive edge in the digital ad space. TTD's revenue growth is driven by higher ad pricing on premium content and an expanding client base, with Q2 2024 sales up 26% year-over-year.
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.
If the stock dropped below 98, consider closing early for a loss.
The Trade Desk's (TTD) long-term prospects are driven by strong demand for UID2 solutions, as well as a solid partner base.
The Trade Desk delivered better-than-expected results last quarter, and its guidance was also ahead of Wall Street's expectations. The huge end-market opportunity that The Trade Desk is sitting on points toward a bright future for the company.
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 Inc. NASDAQ: TTD is the largest independent demand-side platform (DSP) for advertising buyers. Its self-service, cloud-based advertising technology (AdTech) platform, Kokai, enables advertisers and agencies to programmatically manage digital advertising campaigns across various channels, including video, display, audio, and connected TV (CTV).
U.S. stocks settled higher on Friday, after recording sharp losses earlier during the week. However, major indices recorded losses last week, with the Dow and Nasdaq falling by 0.6% and 0.18%, respectively.