The Trade Desk Stock: Buy the Dip?
Advertising technology company The Trade Desk (NASDAQ: TTD) just released outstanding second-quarter results. Both revenue and earnings came in ahead of management's guidance and analysts' estimates. Additionally, high customer retention levels persisted, and management forecasted more strong growth in Q3. Yet, the stock fell a few percentage points in after-hours trading on Wednesday following The Trade Desk's second-quarter earnings release.
Wednesday's after-hours pullback adds to an already downbeat month for the stock. Is this a good buying opportunity?
Maybe not. Instead, it may make sense to categorize the growth stock as a hold for now, even with another quarter of spectacular business results behind it.
Source Fool.com
