Is The Trade Desk Stock a Buy Now?

The Trade Desk (NASDAQ: TTD) posted its fourth-quarter earnings report on Feb. 16. The advertising technology company's revenue rose 24% year over year to $395.6 million, beating estimates by nearly $6 million. Its adjusted net income increased 13% to $208.1 million, or $0.42 per share, which also topped expectations by $0.14.

Those headline numbers were impressive, but The Trade Desk's stock barely advanced following a few wild swings throughout the day. The stock also remained down nearly 30% over the past three months. Should long-term investors pick up some shares of this ad tech company today?

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Source Fool.com