Is The Trade Desk a Good Growth Stock to Buy?
The tech sector is a good place to look if you want to invest in growth stocks. After all, this industry produced the likes of Amazon and Facebook parent Meta Platforms.
So digital advertising provider The Trade Desk (NASDAQ: TTD) may seem like a good investment given its years of double-digit revenue growth. But the current macroeconomic environment of high inflation and rising interest rates adds an important wrinkle into the investment decision.
Advertising is among the sectors hurt by these macroeconomic conditions. Consequently, through April, the industry suffered 10 consecutive months of declines in ad spending.
Source Fool.com
Meta Platforms Inc. Stock
€430.40
0.380%
We see a rather positive sentiment for Meta Platforms Inc. with 9 Buy predictions and 2 Sell predictions.
As a result the target price of 500 € shows a slightly positive potential of 16.17% compared to the current price of 430.4 € for Meta Platforms Inc..
