The Trade Desk (NASDAQ: TTD) has generated dizzying returns since its IPO in 2016. It was valued at $576 million upon its public debut, and it's now worth about $30 billion. A $1,000 investment in its IPO would have grown to nearly $37,000.

The ad tech company's stock skyrocketed because investors were dazzled by its explosive growth rates. From 2016 to 2022, its annual revenue grew at a compound annual growth rate (CAGR) of 41%, while its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased at a CAGR of 47%.

Investors were also impressed by its ability to carve out a niche between 's  Google and Meta Platforms in the saturated digital advertising market. But can The Trade Desk maintain its momentum and become a trillion-dollar stock -- which would require another 33-bagger gain from its current prices -- by 2040? Let's see if this ad tech darling has a shot at joining the 12-zero club within the next two decades.

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Source Fool.com