"The Trade Desk had its worst day as a public company on Aug. 8, with shares dropping nearly 40% as investors processed second-quarter financial results, a new incoming CFO and cautious third-quarter guidance due to tariff uncertainty. Multiple analysts think the market overreacted, though. The Trade Desk recently had a median target price of $75 per share, implying 43% upside from its recent share price of $52."
"Its independence - meaning it does not own media content that might bias ad spending on its platform - distinguishes it from larger competitors such as Alphabet's Google, Meta Platforms and Amazon. The company has consistently taken market share from rivals in digital advertising, and CEO Jeff Green believes that trend will continue for the foreseeable future. Despite the sharp decline in the stock, The Trade Desk actually reported reasonably good second-quarter financial results that beat estimates on the top line -"
The Trade Desk experienced a nearly 40% share-price decline on Aug. 8 after Q2 results, announcing a new incoming CFO, and issuing cautious Q3 guidance citing tariff uncertainty. Multiple analysts called the move an overreaction. A median analyst target of $75 implied about 43% upside from a $52 share price. The Trade Desk operates an independent, cloud-based, AI-powered advertising platform that helps advertisers plan and optimize campaigns. Its independence is distinct from Google, Meta and Amazon. Market-share gains continued and CEO Jeff Green expects the trend to persist. Revenue rose 19% year over year to $694 million, beating top-line estimates. Patient, risk-tolerant long-term investors might consider the stock.
Read at Dallas News
Unable to calculate read time
Collection
[
|
...
]