TTD - The Trade Desk: Priced At 32x Next Year's EBITDA
2024-06-12 11:10:20 ET
Summary
- I estimate that The Trade Desk, Inc. is priced at 32x next year's EBITDA, indicating it is already fairly valued.
- The company's partnerships with major industry players like Disney, NBCU, and Roku highlight expanding opportunities for advertisers to reach audiences with premium content.
- The increasing adoption of UID2 enhances the use of first-party data and the value of the open Internet, contributing to The Trade Desk's growth.
Investment Thesis
The Trade Desk, Inc. ( TTD ) has rarely been on sale. This may seem difficult to believe, but just because the opportunity doesn't present itself today, this doesn't mean that the opportunity can't present itself in the future to invest in The Trade Desk....
The Trade Desk: Priced At 32x Next Year's EBITDA