#5 - The Trade Desk (NASDAQ:TTD)
As a veteran of advertising and marketing communications agencies, I appreciate what The Trade Desk (NASDAQ: TTD) brings to the table. The company operates a cloud-based platform that allows “ad buyers” to create, manage, and optimize data-driven digital advertising campaigns. And they can do so using different ad formats.
This made The Trade Desk a big winner during the pandemic as many advertisers raced to capture the eyeballs of consumers who were quite literally a captive audience. In fact, TTD stock was growing so fast that the company executed a 10-for-1 stock split in June to make its shares more accessible. So far, investors have reacted positively to the split. Shares are up over 20% in the last month.
Keeping shares affordable may turn out to be a savvy move since one of the obstacles for The Trade Desk is that it competes with the “Walled Gardens” of competitors such as Amazon Web Services and Facebook.
About Trade Desk
The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.
Read More - Current Price
- $127.24
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 25 Buy Ratings, 3 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $123.08 (3.3% Downside)
