1 Stock Down 52% That Is a Screaming Buy
On March 15, the Nasdaq Composite index officially opened in bear market territory. The index is now down nearly 20% since the start of the year, driven by many tech stocks that have fallen 30% or even 40% in 2022 alone.
The Trade Desk (NASDAQ: TTD) is one of those companies, falling more than 42% year to date and 52% from its all-time highs. That being said, there is a lot to love about this advertising technology (adtech) stock. The company makes it easier for advertisers to place ads digitally. Since digital advertising is gaining popularity because it is easier to target a specific audience and monitor the success of an ad, The Trade Desk is poised to grow over the coming decade.
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Source Fool.com
