Amid the Sell-Off, Is The Trade Desk Ready for a Bull Run?
Late last year, investors took a deep interest in The Trade Desk (NASDAQ: TTD) as the stock shot 29% higher the day after it released its fiscal 2021 third-quarter earnings report in early November.
However, since peaking in mid-November, it has lost approximately half of its value as many other tech growth stocks have generally declined. Despite the correction going on in the market, such drops have historically turned into buying opportunities for stockholders in emerging tech companies. The question for investors of The Trade Desk now is whether this constitutes an excellent opportunity to buy or if its sell-off is justified.
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Source Fool.com
