The Trade Desk Stock: Headed to $80?
With the Nasdaq Composite surging 24% year to date, some investors may be worried they've missed out on many of the buying opportunities that presented themselves when the Nasdaq fell 33% in 2022. But there are still opportunities in the market for investors who look close enough.
One tech stock that has impressed this year in terms of both stock performance and underlying business performance is The Trade Desk (NASDAQ: TTD). Coming off of an exceptional first-quarter report in which management provided upbeat guidance, the ad tech company is one growth stock that seems to be living up to its valuation, even after its shares have surged this year.
Following The Trade Desk's latest quarterly update, analysts have been racing to upgrade their 12-month price targets for the stock. Most of the revised price targets sit at $75 or higher, though the recently updated targets range between $60 and $80 -- quite a tight range for a stock as volatile as The Trade Desk.
Source Fool.com
