The Trade Desk Actually Gained 7.6% in the Second Half of 2022. Is the Worst Over?
Shares of The Trade Desk (NASDAQ: TTD) ended the second half of 2022 in positive territory, a rare feat among the tech glitterati. The stock climbed 7.6%, outpacing the break-even performance of the S&P 500.
The catalyst that sent the digital advertising stock into positive territory was back-to-back quarters that featured impressive financial results and equally compelling market share gains.
With the bear market still ravaging many technology stocks, it's rare to find one that has outperformed the broader market. This feat was accomplished on the heels of back-to-back quarters with results that sailed past Wall Street's expectations. This all happened while many marketers were pulling back on ad spending, making life difficult for companies in the digital advertising space.
Source Fool.com