Recent market turmoil has seen the Nasdaq Composite decrease by 12%, with many stocks, including The Trade Desk (TTD), suffering significant declines. Investors are urged to view this downturn as an opportunity to acquire growth stocks at lower prices. Despite a challenging quarter and some disappointing forecasts, The Trade Desk is restructuring its corporate hierarchy to adapt to the evolving advertising landscape. This strategic response is deemed a positive sign for long-term growth prospects, showing resilience amidst market volatility and fear of recession.
Shares of advertising technology outfit The Trade Desk (NASDAQ: TTD) aren't just down in step with the Nasdaq Composite's recent correction. Thanks to this week's stumble, this ticker's down more than 50% from last month's high.
While the company is undeniably on the defensive because of challenging internal and external circumstances, the fact is, its response to both is an encouraging one.
As is so often the case, though, the emotionally charged sell-off overshot its target by factoring in too much fear and not enough long-term reality.
Investors understandably panicked. Threats of a recession kept them in panic mode in the meantime.
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