APP - Trade Desk Has Many Catalysts Boosting Its Outlook. CTV Is Just One Of Them
2024-03-22 04:09:51 ET
Summary
- Trade Desk is an ad-tech platform that has outperformed the S&P 500 and Nasdaq 100 YTD, with further upside expected.
- The company is well-positioned in key growth areas such as CTV, audio, and retail media to enable advertisers to build, execute and optimize highly targeted campaigns across the purchase funnel.
- Trade Desk's investments in Unified ID 2.0 and AI capabilities are driving improved campaign performance and return on ad spend for their customers, driving deeper adoption and spend on platform.
Introduction & Investment Thesis
Trade Desk ( TTD ) is an ad-tech platform that has outperformed the S&P 500 and Nasdaq 100 YTD. With the stock up 18% YTD, I believe that there is further upside ahead. The company reported its Q4 FY23 earnings report , where revenue and Adjusted EBITDA grew by 23% and 15%, respectively....
Trade Desk Has Many Catalysts Boosting Its Outlook. CTV Is Just One Of Them