When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
TTD - The Trade Desk Earnings: No Pushover (Rating Upgrade)
The Trade Desk Inc.
2024-02-20 07:48:19 ET
Summary
Impressed by The Trade Desk's strong Q1 guidance, I'm revising my sell rating to a hold.
TTD's projected 28% CAGR for Q1 demonstrates resilience in navigating industry shifts like third-party cookie deprecation.
TTD's financial outlook and its 28x 2025 non-GAAP EBITDA valuation keep me cautiously on the sidelines.
Investment Thesis
The Trade Desk ( TTD ) delivered Q1 guidance that amazed me. As we headed into the earnings result, I believed that The Trade Desk was completely overpriced for what it offered....