2024-05-12 11:30:00 ET
Summary
- The Trade Desk stock has outperformed the market, as I had predicted in my previous article.
- The Company is well-positioned to capitalize on the growth in CTV advertising, leveraging its increasing scale.
- TTD has expanded its partnership with high-quality publishers, strengthening its moat further.
- The market isn't dumb, as seen with TTD stock's assessed overvaluation.
- While cutting significant exposure isn't necessary, TTD investors must be prepared for another potentially steep selloff.
The Trade Desk Delivered Yet Again
The Trade Desk, Inc. ( TTD ) investors have outperformed the market significantly since my previous bullish TTD article in February 2024. However, bearish investors could argue that TTD hasn't been able to break decisively above the $92 level, given the robust selling resistance. The Trade Desk posted its recent earnings release last week. It was another solid performance by CEO Jeff Green and his team for The Trade Desk's Q1 earnings release. ...
Read the full article on Seeking Alpha
For further details see:
The Trade Desk: Over-Optimism Might Meet Harsh Reality Again (Rating Downgrade)