3 Ways The Trade Desk Impressed Investors in 2020
For The Trade Desk (NASDAQ: TTD), 2020 has marked a significant deceleration in the company's revenue growth rate. For the three periods The Trade Desk has reported 2020 financial results, total revenue is up 16% year over year, down from 40% growth in the same period in 2019. Yet the growth stock is up 180% over the last 12 months. What gives?
Despite what seems like a tough year for the ad tech company on the surface, The Trade Desk gave investors some clear reasons to be optimistic. Not only did its business rebound nicely from a downturn earlier this year but the company has been importantly gaining market share from competitors.
Image source: The Trade Desk.
Source Fool.com
