1 Green Flag for The Trade Desk in 2023, and 1 Red Flag
Advertising technology company The Trade Desk (NASDAQ: TTD) has been a monster home-run investment since it went public in 2016. Over this short time, the stock is up roughly 2,700%, absolutely crushing the 105% return of the S&P 500.
With the stock up so much already, investors rightly wonder if The Trade Desk has more upside in 2023 and beyond. And I'm happy to say that it likely indeed does -- I'll explain a huge green flag for the company this year. However, I first want to make investors aware of a bright red flag.
It's difficult to learn how to properly value a stock. There are just so many valuation metrics to choose from, and each needs appropriate context to avoid drawing wrong conclusions.
Source Fool.com
