Billionaires Buy 1 Brilliant Stock That Competes With Amazon and Google -- It Could Soar 150%, According to a Wall Street Analyst | The Motley Fool

"Most Wall Street analysts view The Trade Desk stock as undervalued despite competition from the likes of Amazon and Google. The Trade Desk stock has declined 55% this year due to growing concerns about competitive pressure, particularly with respect to Amazon, though Alphabet's Google and Meta Platforms are also formidable rivals. Most Wall Street analysts see the drawdown as a buying opportunity. The average target price of $70 per share implies 32% upside from its current share price of $53."

"A few successful hedge fund managers opened positions in The Trade Desk during the second quarter, as detailed below: Steven Cohen of Point72 Asset Management bought 533,200 shares. Andreas Halvorsen of Viking Global bought 2.6 million shares. Philippe Laffont of Coatue Management purchased 998,900 shares. Importantly, while none of the hedge funds above started particularly large positions in The Trade Desk, their purchases are still noteworthy."

"The Trade Desk is the leading independent demand-side platform (DSP) in the adtech industry. Its software lets brands and agencies plan, measure, and optimize data-driven campaigns across digital channels. Its platform features cutting-edge omnichannel capabilities and artificial intelligence (AI) tools that help media buyers manage budgets, evaluate inventory, and target campaigns, according to Frost & Sullivan analysts. The digital advertising industry is dominated by walled gardens, ecosystems where a single company controls most of the ad supply chain."

The Trade Desk stock has fallen about 55% year-to-date amid growing concerns over competitive pressure from Amazon, Alphabet's Google, and Meta Platforms. Most Wall Street analysts view the decline as a buying opportunity, with an average target of $70 per share implying roughly 32% upside and a high target of $135 implying as much as 155% upside. Several prominent hedge fund managers opened positions in the second quarter, including Steven Cohen, Andreas Halvorsen, and Philippe Laffont. The Trade Desk operates as the leading independent demand-side platform, offering omnichannel capabilities and AI tools to plan, measure, and optimize digital advertising campaigns. The industry remains dominated by walled gardens that control ad inventory and data.

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