Profile
Sector:
TechnologyIndustry:
Software ApplicationCountry:
United StatesIPO:
21 September 2016Website:
http://www.thetradedesk.comNext earnings report:
09 August 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | 97 min agoDividend
Analysts recommendations
Institutional Ownership
TTD Latest News
The Trade Desk (TTD) reachead $98.13 at the closing of the latest trading day, reflecting a +0.43% change compared to its last close.
Zacks.com users have recently been watching The Trade Desk (TTD) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Wedbush Securities initiated coverage on The Trade Desk (TTD), giving the company an Outperform rating and a price target of $110. The firm cites the company's ability to grow in the digital advertising space.
The Trade Desk (TTD) closed the most recent trading day at $97.71, moving +0.44% from the previous trading session.
The Trade Desk is one of the few cloud stocks performing well in 2024, benefiting from TV viewers shifting to streaming, ad dollars following, and industry adoption of UID 2.0. The ad industry's move towards open platforms is a significant tailwind for the company. It reported strong first quarter 2024 earnings, beating revenue and EPS estimates, with the stock up 42.81% since my last article published.
The Trade Desk helps marketers purchase digital advertising programmatically.
The Trade Desk operates in a massive and growing advertising market, approaching $1 trillion in annual spending.
Trade Desk is a cloud-based ad-buying platform that exceeded revenue and earnings expectations in its Q1 FY24 earnings report while outperforming the S&P 500 and Nasdaq 100 YTD. The strength in revenue is driven by growth in CTV and retail media as advertisers shift their ad spend towards premium inventory while adopting UID2 to drive superior ROI on ad spend. During the quarter, the management built robust partnerships with some of the leading publishers, including Disney and Roku, while building a new approach to audience-based buying on Kokai.
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What type of business is Trade Desk?
The Trade Desk, Inc. is a large technology company based in Ventura, California. The Trade Desk provides buyers of digital advertising with a cloud platform that allows them to create, manage, and optimize more expressive digital advertising campaigns based on data in various formats and on different devices. The company was founded in 2009. The Trade Desk, Inc. is a progressive company that keeps up with the development of modern technologies. The company's platform is based on an architecture based on the coefficient of supply, which allows users to define desirable coefficients and values. Placing advertising in digital format allows advertisers to more accurately assess its effectiveness, as well as reach a large number of different applications and websites.
What sector is Trade Desk in?
Trade Desk is in the Technology sector
What industry is Trade Desk in?
Trade Desk is in the Software Application industry
What country is Trade Desk from?
Trade Desk is headquartered in United States
When did Trade Desk go public?
Trade Desk initial public offering (IPO) was on 21 September 2016
What is Trade Desk website?
https://www.thetradedesk.com
Is Trade Desk in the S&P 500?
No, Trade Desk is not included in the S&P 500 index
Is Trade Desk in the NASDAQ 100?
Yes, Trade Desk is included in the NASDAQ 100 index
Is Trade Desk in the Dow Jones?
No, Trade Desk is not included in the Dow Jones index
When does Trade Desk report earnings?
The next expected earnings date for Trade Desk is 09 August 2024