Is Trade Desk Inc (NASDAQ: TTD) Stock Just Getting Warmed Up?

9319 28 0 0 0 0 (0)

Trade Desk Inc (NASDAQ:TTD) is a technology company that provides a self-service omnichannel software platform that enables ad buyers to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The Trade Desk platform allows clients to manage integrated advertising campaigns in various advertising channels and formats such as smart TVs, computers, mobile phones, and tablets.  Founded in 2009 and headquartered in Ventura, California, The Trade Desk has offices across the United States, Europe, and Asia.

Trade Desk Inc (NASDAQ:TTD) announced its quarterly earnings data on Thursday, November, 8th. The company beat on top and bottom lines, with record profits topping even high estimates, and boosted guidance above consensus for the current quarter on revenue and EBITDA. Revenues grew 50% to a record $118.8M and net income nearly doubled to $20.3M on a GAAP basis, and rose to $30.2M non-GAAP from $15.3M. Trade Desk's revenue for the quarter was up 49.6% compared to the same quarter last year. 

Based on Trade Desk, Inc.’s (NASDAQ:TTD) earnings update in September 2018, the consensus outlook from analysts appear fairly confident, as a 26% increase in profits is expected in the upcoming year, though this is comparatively lower than the historical 5-year average earnings growth of 74%. Trade Desk will appeal to investors who are not afraid of its year-to-date appreciation and more appreciate the number of tailwinds based on changing ad spend that is animating its growth. It is rare to see an investment whose basic source of success is that it can reduce the metric that its customers most value-and that in a nutshell is what Trade Desk does. 


Trade Desk is one of those names that value analysts seem to hate. But in addition to its valuation, part of the attraction of the company is their winds, based on a changing tide in advertising. It's worth noting that Trade Desk shares have more than tripled so far in 2018 and it's evident the company is as strong as ever and its momentum remains intact. We rate Trade Desk Inc (NASDAQ:TTD) Stock a Buy. 

With overall investment grades still lower, we suggest holding large sums of cash and being very selective when making investment decisions. According to Trade Deskstock’s current grade, it might very well be one of those selective opportunities.

Why should you trust our ratings?

The Hade Platform has proven over the course of three years through the application of Deep Learning Algorithms  (DLA)andArtificial Intelligence (AI)that it consistently outperforms Wall Street consensus estimates (63%) and major benchmarks such as the S&P 500 (250%).

Free users on Hade Platform can build a watchlist of stocks and access investment grades from our database of more than 4,000 securities. Premium members can access the platform to get an instant look at which stocks rate highest for value, growth, dividend, and which have the greatest short-term momentum, thereby allowing members to identify areas of opportunity. Premium services include interest trendsrisk analysismachine learning predictions, Top 100 stocksMatriX Portfolio and more.

Comments (0)

Recent Updates

  •   
    Mar 6, 2019 11:15 PM

    DENTSPLY SIRONA Inc - Consumables Revenue

  •   
    Mar 6, 2019 11:15 PM

    DENTSPLY SIRONA Inc - Europe Revenue

  •   
    Mar 6, 2019 11:15 PM

    DENTSPLY SIRONA Inc - United States Revenue

  •   
    Mar 6, 2019 11:15 PM

    DENTSPLY SIRONA Inc - Rest of World Revenue

  •   
    Mar 6, 2019 11:15 PM

    DENTSPLY SIRONA Inc - Technologies and Equipment Total Net Sales ex. PM sales Revenue

  •   
    Mar 6, 2019 11:15 PM

    DENTSPLY SIRONA Inc - Technologies and Equipment Revenue