Should You Buy The Trade Desk Stock on the Dip?
The Trade Desk (NASDAQ: TTD) has been among the most consistent tech growth stocks over the past few years, and 2023 is no exception. The stock is up over 60% this year but has pulled back 20% from its highs thanks to the recent market sell-off.
With a quick decline in stock price, investors might be wondering if this is a buying opportunity or if this is just a realignment of expectations. Let's look at The Trade Desk's most recent results to find out.
The Trade Desk is a leader in buy-side (sometimes called demand-side) advertising. This side of advertising is for clients who want to place ads in front of the consumer. While 's Google ads and Meta Platforms' Facebook and Instagram ads are handled in-house, The Trade Desk is a significant player in nearly every other corner of the internet. Through The Trade Desk's analytics platform, it automatically bids on different locations throughout the internet (whether it's connected TV, podcasts, mobile, or online video) where it thinks the ads will have the greatest effect.
Source Fool.com
Alphabet Inc. A Stock
The stock is an absolute favorite of our community with 95 Buy predictions and no Sell predictions.
As a result the target price of 177 € shows a slightly positive potential of 15.07% compared to the current price of 153.82 € for Alphabet Inc. A.
