The Trade Desk's (TTD) long-term prospects are driven by strong demand for CTV, retail media, Kokai and UID2 solutions, as well as a solid partner base.
There's one company that Oppenheimer analyst Jason Helfstein believes is set up to be a big winner now that President Biden has ended his campaign for re-election.
The digital advertising industry is growing at a fast pace, particularly with connected TV. The Trade Desk is one of the largest players in the space, allowing it to capture upside as the industry grows.
The Trade Desk (TTD) reachead $95.73 at the closing of the latest trading day, reflecting a +0.51% change compared to its last close.
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.
Digital advertising has rebounded from the doldrums of 2022, powered by the growth of connected TV (CTV) and ad-supported video on demand (AVOD). This is exemplified by the surge to 52-week highs for the largest independent demand-side advertising technology (AdTech) platform provider, The Trade Desk Inc. NASDAQ: TTD.
In the latest trading session, The Trade Desk (TTD) closed at $99.84, marking a -1.65% move from the previous day.
The Trade Desk (TTD) reachead $98.13 at the closing of the latest trading day, reflecting a +0.43% change compared to its last close.
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 (TTD) closed the most recent trading day at $97.71, moving +0.44% from the previous trading session.
The Trade Desk is one of the few cloud stocks performing well in 2024, benefiting from TV viewers shifting to streaming, ad dollars following, and industry adoption of UID 2.0. The ad industry's move towards open platforms is a significant tailwind for the company. It reported strong first quarter 2024 earnings, beating revenue and EPS estimates, with the stock up 42.81% since my last article published.
The Trade Desk helps marketers purchase digital advertising programmatically.