Trade Desk is the IBD Stock of the Day, benefitting from an improved outlook for digital advertising in 2024 and partnerships with major brands like Roku and Disney.
Trade Desk stock has found support at its 50-day moving average, a key technical level, and is reclaiming its 21-day exponential moving average.
The company's automated platform supports real-time buying of online and mobile ads, with a focus on leveraging online data for targeted advertising.
Analysts anticipate Trade Desk's second quarter earnings to show growth, with some caution advised due to the stock's historical volatility around financial reports.
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