Is The Trade Desk a Good Growth Stock to Buy?
The tech sector is a good place to look if you want to invest in growth stocks. After all, this industry produced the likes of Amazon and Facebook parent Meta Platforms.
So digital advertising provider The Trade Desk (NASDAQ: TTD) may seem like a good investment given its years of double-digit revenue growth. But the current macroeconomic environment of high inflation and rising interest rates adds an important wrinkle into the investment decision.
Advertising is among the sectors hurt by these macroeconomic conditions. Consequently, through April, the industry suffered 10 consecutive months of declines in ad spending.
Source Fool.com
Meta Platforms Inc. Aktie
474,90 €
2,34 %
Des weiteren hat Meta Platforms Inc. derzeit 8 Buy-Einschätzungen und 2 Sell-Einschätzungen durch unsere Community zu Buche stehen.
Das Kursziel von 515 € für Meta Platforms Inc. weist auf eine leichte Verbesserung gegenüber dem aktuellen Kurs von 474.9 € hin.
