Why did the trade desk stock pull back last month?
Shares of The Trade Desk (TTD 4.00%) pulled back last month as the fast-growing adtech stock was weighed down by greater economic uncertainty, including higher interest rates, inflation, and fears of a recession.
Why choose the trade desk?
Through its transparent, independent, open approach, The Trade Desk has successfully built a strong reputation in this industry. And, the platform has been continually improving to become a real industry leader. Just take a look at the change in Gartner's Magic Quadrant for ad-tech from 2018 through to 2021.
Can the trade desk stock grow into its valuation?
The Trade Desk also may need to grow into its valuation after soaring over the last two years. Benchmark analyst Mark Zgutowicz said as much when he initiated coverage on the stock with a hold rating, saying that the end of third-party cookies could present a challenge to the company.
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
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What happen to Trade Desk stock?
The Trade Desk is down 40% year-to-date (YTD). It is still up over 5% for the last 12 months and over 900% over the previous five years.
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 a buy or sell?
Today TTD ranks #12375 as sell candidate.
Is TTD profitable?
TTD has been in business for over 20 years and is a publicly-traded company. 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.
Is TTD stock overvalued?
The Trade Desk - Hold Valuation metrics show that The Trade Desk may be overvalued. Its Value Score of F indicates it would be a bad pick for value investors. The financial health and growth prospects of TTD, demonstrate its potential to underperform the market. It currently has a Growth Score of B.
What is the target price for TTD stock?
Stock Price Target TTDHigh$110.00Median$80.00Low$29.00Average$74.88Current Price$49.49
Will TTD go up?
Trade Desk Inc (NASDAQ:TTD) The 17 analysts offering 12-month price forecasts for Trade Desk Inc have a median target of 80.00, with a high estimate of 110.00 and a low estimate of 29.00. The median estimate represents a +61.65% increase from the last price of 49.49.
Who are the trade desk competitors?
Competitors and Alternatives to The Trade DeskMediaocean.Meta for Business.Google Campaign Manager 360.Adform Flow.Adobe Advertising Cloud.Amazon Advertising.Quantcast Platform.Basis.
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 Cap24,068,263,397P/E Ratio235.67Forward P/E 1 Yr.163.6914 more rows
Is Trade Desk a long-term hold?
ServiceNow trades at more than twice this valuation in fact. With that said, The Trade Desk will need to continue to beat revenue estimates in order to provide serious gains for shareholders from the current valuations. Another long-term consideration is that The Trade Desk has no long-term debt.