What happened to the trade desk (TTD)?
Advertising technology (adtech) companies have historically relied on cookies heavily. In the latest trading session, The Trade Desk (TTD) closed at $75.47, marking a -0.38% move from the previous day. The Trade Desk, QuickLogic Corp., Microsoft and Monolithic Power Systems, Inc. are included in this analyst blog
Why is TTD stock trading lower After-Hours today?
Comparatively, analysts expected TTD’s sales at $162.4 million in Q3 2019 and $649.5 million in 2019. So why is the stock trading lower after-hours? It might be a case of profit booking by investors. TTD stock has been on a roll lately, returning 128.0% year-to-date.
Why did the trade desk stock split?
The tech stock's split follows a period of incredible growth for The Trade Desk, and management says the move reflects its confidence in the company's prospects.
Is TTD stock undervalued at $915?
Weed out the bad analysts, and the average price target moves to around $915. In other words, the smart folks running the numbers on TTD stock say it has more than 80% upside potential over the next 12 months. We agree with this sentiment. TTD stock is deeply undervalued here.
Why TTD stock falling?
Trade Desk reported December-quarter earnings and revenue on Wednesday that topped analyst estimates. TTD stock fell, although the digital advertising company's March quarter guidance came in above expectations.
Should you buy TTD stock?
The financial health and growth prospects of TTD, demonstrate its potential to underperform the market. It currently has a Growth Score of B. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B.
Is TTD a good long-term stock?
It is a financially stable company with a strong balance sheet. TTD is a very profitable company, with a strong balance sheet. This indicates that the company is in good financial health and can weather any economic downturn. It is perfect for a long-term investment without a doubt.
Is Trade Desk still a buy?
The Trade Desk's valuations became overheated last year. The stock is still expensive, but its valuations look more reasonable relative to its near-term growth rates. Its CTV business should continue to drive most of its growth.
Is TTD undervalued?
The current year Free Cash Flow is expected to grow to about 63.9 M, whereas Enterprise Value is forecasted to decline to about 890.6 M. Trade Desk has a current Real Value of $56.04 per share. The regular price of the company is $41.66. At this time, the company appears to be undervalued.
What is the target price for TTD stock?
Stock Price Target TTDHigh$110.00Median$80.00Low$29.00Average$74.88Current Price$41.66
Did TTD do a stock split?
TTD Stock Split: Trade Desk Announced 10-1 Stock Split After a Fantastic Run. TTD Stock Split: In May 2021, both Nvidia Corporation and Trade Desk made headlines after announcing stock splits which were effective from June 2021 for Trade Desk and from July 2021 for Nvidia Corporation.
What type of stock is TTD?
Class A Common StockClass A Common Stock (TTD) Stock Price, Quote, News & History | Nasdaq....Key Data.LabelValue52 Week High/Low$114.09/$39.39Market Cap21,471,283,673P/E Ratio210.24Forward P/E 1 Yr.152.2414 more rows
Is TTD a buy Zack's?
The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style....(Delayed Data from NSDQ)Zacks RankDefinitionAnnualized Return1Strong Buy24.75%2Buy18.15%3Hold9.70%4Sell5.35%2 more rows
Is the trade desk profitable?
Unlike many growth stocks, Trade Desk is highly profitable. In 2021, it finished with an adjusted net income of $455.6 million on $1.2 billion, or nearly a 40% profit margin. However, the stock is still priced at a premium, trading at a forward price-to-earnings ratio around 50 even after the recent sell-off.
What happened to trade desk?
The Trade Desk did slip into unprofitability for the quarter, however, with a $15 million loss (compared to a $23 million profit in Q1 2021). Its operating expenses grew by $120 million over the same period last year, driven in part by employees returning to offices.
When was the fourth Future of TV survey conducted?
Is cordless TV going to be the dominant TV in 2021?
The fourth Future of TV consumer survey was conducted for The Trade Desk by YouGov. Fieldwork for this survey was conducted from April 27 to May 5, 2021. It’s a representative survey with a total sample size of 4,019 adults in the U.S. The survey was carried out online.
Why are cookies being phased out?
NEW YORK, June 29, 2021-- (BUSINESS WIRE)--Cordless TV consumers are on track to become the predominant TV consumer in the next year, according to the fourth Future of TV survey of more than 4,000 U.S. adults by The Trade Desk (Nasdaq: TTD). The data shows that nearly half of American TV viewers are already cordless (47 percent), while 44 percent of Americans with cable TV anticipate pulling back or cutting service in the coming year.
Will the Trade Desk grow?
The traditional way publishers and marketers have collected consumer data – through third-party “cookies” – is being phased out of the industry due to data privacy and control concerns. Without this consumer data, data-driven advertising does not work.
Looking for Tech Stocks? These 3 Are Great Buys
Today’s concerns are way overblown. The Trade Desk will continue to grow like wildfire, long after browser cookies fade from the advertising landscape, because UID 2.0 will become bigger and more ubiquitous than cookies ever were.
Is The Trade Desk Stock a Buy Now?
Four-out-of-five stocks in the Nasdaq Composite are currently trading at prices below their 200-day moving averages, a sign that price action is overwhelmingly negative across the market. Smart investors use fear to their advantage and use these times to acquire great stocks at a discount.
The Trade Desk (TTD) Q4 Earnings and Revenues Top Estimates
The Trade Desk (NASDAQ: TTD) posted its fourth-quarter earnings report on Feb. 16. Its adjusted net income increased 13% to $208.1 million, or $0.42 per share, which also topped expectations by $0.14. The Trade Desk operates the world's largest independent demand-side platform (DSP) for digital ads.
4 Top Stock Trades for Thursday: SHOP, TTD, UPST, RBLX
The Trade Desk's (TTD) fourth-quarter results reflect gains from solid customer retention and a growing partner ecosystem.
Mixed Moves From Airbnb, Trade Desk Highlight Nasdaq Uncertainty
Geopolitical news and soundbites out of Eastern Europe continue to hit the headlines, which continues to fuel the algos. It makes for a difficult and frustrating trading environment for many investors. Despite that, though, let’s look at a few top stock trades for Thursday. Top Stock Trades for Tomorrow No.
The Trade Desk (TTD) Tops Q4 Earnings and Revenue Estimates
After two strong years of gains, the stock market just hasn't been able to get started in 2022. There are a lot of confusing crosscurrents in the stock market right now, especially as corporate financial reports struggle to paint a consistent picture of the state of the economy.
The Trade Desk stock heads higher after upbeat earnings, outlook
The Trade Desk (TTD) delivered earnings and revenue surprises of 44.83% and 1.51%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
What happened
Shares of The Trade Desk were up more than 3% in premarket trading Wednesday after the advertising-technology company exceeded expectations with its latest financial results and delivered an upbeat outlook.
So what
Shares of The Trade Desk (NASDAQ: TTD), a leader in advertising technology, were pulling back last month as the company was one of several high-priced growth stocks to fall on concerns over tightening monetary policy. The Trade Desk's losses came even as the broad market continued to move higher.
Now what
The Trade Desk operates a leading demand-side advertising platform, meaning its technology allows brands and ad agencies to run data-driven ad campaigns using the company's proprietary cloud software.
The Motley Fool
The Trade Desk's pullback in December came after a surge in November. The ad-tech stock tacked on 38% after it crushed estimates in its third-quarter earnings report, showing the growth story is still alive and well.
Business momentum
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.
A buying opportunity
The tech stock 's split follows a period of incredible growth for The Trade Desk, and management says the move reflects its confidence in the company's prospects.
What drove sales in the second quarter
Though The Trade Desk's stock split might be drawing attention to the stock on Thursday, the company's fundamentals and recent sell-off are what make it seem like an attractive long-term investment.
Has TTD stock peaked?
The Trade Desk’s revenue growth accelerated in the second quarter to 42.0%, up from 41.0% in the first quarter. The shift toward programmatic advertising continues to benefit the company. This advertising system automates the process of purchasing and displaying ads on online platforms.
What Happened to The Trade Desk Stock Price Today?
- The Trade Desk (NASDAQ:TTD) stock plummeted more than 25% after the programmatic advertising leader reported first quarter numbers that smashed estimates, included an above-consensus guide, and whi...
- So why did TTD stock collapse?
- Because investors were expecting an even bigger beat, on the heels of blockbuster earnings r…
- The Trade Desk (NASDAQ:TTD) stock plummeted more than 25% after the programmatic advertising leader reported first quarter numbers that smashed estimates, included an above-consensus guide, and whi...
- So why did TTD stock collapse?
- Because investors were expecting an even bigger beat, on the heels of blockbuster earnings reports from Alphabet (NASDAQ:GOOG), Facebook (NASDAQ:FB), Roku (NASDAQ:ROKU), and more over the prior few...
- The weaker-than-expected beat despite the surging backdrop made investors think that the big scary “Cookie Crisis” is starting to hamper The Trade Desk’s Growth narrative.
Why It Happened
- The Trade Desk’s numbers were really good.
- Revenues and earnings both smashed expectations. The second quarter guide came in above consensus expectations, too.
- Revenue growth was 37% in the quarter. Next quarter, revenue growth is expected to accelerate to 87%, thanks to an easy lap from the pandemic. Still, on a two-year-stack basis, r…
- The Trade Desk’s numbers were really good.
- Revenues and earnings both smashed expectations. The second quarter guide came in above consensus expectations, too.
- Revenue growth was 37% in the quarter. Next quarter, revenue growth is expected to accelerate to 87%, thanks to an easy lap from the pandemic. Still, on a two-year-stack basis, revenues rose 70% in...
- Meanwhile, margins are improving in a big way. Gross margins expanded 340 basis points. EBITDA margins rose 780 basis points to 32%. EBITDA margins are expected to move even higher next quarter.
Does It Matter?
- The huge drop in TTD stock matters, and it doesn’t.
- It matters because it shows that UID 2.0 is not a guaranteed success. Opt-in rates for data-tracking applications are very low. Without~20% opt-in, UID 2.0 won’t work at a scale big enough to make...
- It doesn’t matter because UID 2.0 has a very high chance of success. Multiple data points su…
- The huge drop in TTD stock matters, and it doesn’t.
- It matters because it shows that UID 2.0 is not a guaranteed success. Opt-in rates for data-tracking applications are very low. Without~20% opt-in, UID 2.0 won’t work at a scale big enough to make...
- It doesn’t matter because UID 2.0 has a very high chance of success. Multiple data points suggest that opt-in rates for UID 2.0 will be high enough to enable scalable data-driven ad solutions, and...
- Today’s concerns are way overblown.
TTD Stock Price Forecast
- After the earnings report, analysts largely didn’t budge, because the fundamentals here remain very solid and the stock remains very undervalued.
- The consensus price target on Wall Street among 15 analysts is $900. Weed out the bad analysts, and the average price target moves to around $915.
- In other words, the smart folks running the numbers on TTD stock say it has more than 80% …
- After the earnings report, analysts largely didn’t budge, because the fundamentals here remain very solid and the stock remains very undervalued.
- The consensus price target on Wall Street among 15 analysts is $900. Weed out the bad analysts, and the average price target moves to around $915.
- In other words, the smart folks running the numbers on TTD stock say it has more than 80% upside potential over the next 12 months.
- We agree with this sentiment. TTD stock is deeply undervalued here. A run back toward $1,000 is likely once cookie fears fade.