The Trade Desk Stock: 3 Impressive Facts Investors Should Know
Data-driven ad platform provider The Trade Desk (NASDAQ: TTD) has likely turned the heads of many investors recently. The stock is up more than 70% over the past month as shares rebound from their sharp drawdown earlier this year and as strong second-quarter results encourage investors.
But is the underlying business worthy of all of this hype? After all, the stock's move over the past month has added $15 billion to The Trade Desk's market capitalization. That's no small sum. As investors try to decide whether the stock deserves this valuation or not, here are three interesting facts about the company that show why it's at least worth a spot on your watchlist.
Unlike many of its growth stock peers, the digital ad-buying company has avoided debt for years. In times when the cost of capital is higher, this is critical. A good balance sheet gives a company more optionality and ultimately enables it to have more control over its destiny.
Source Fool.com
