The Trade Desk's Explosive Growth Continues
The Trade Desk, Inc. (NASDAQ: TTD) may not a household name among investors, but it has exhibited impressive results during its short stint as a public entity. For the uninitiated, the company uses artificial intelligence and big data to help advertising agencies precisely target audiences with the most relevant and highest performing ads, while selecting the best channels to reach them.
The Trade Desk went public in September 2016 at $28.75, 60% higher than its IPO price of $18. The company has since become a stock market darling, with its share price nearly doubling in less than a year.
With that kind of growth, investors were looking closely for any signs of weakness when the company reported financial results for just the fourth time since its public debut. The high flyer did not disappoint and the stock continued its relentless upward trek.
Source: Fool.com
Trade Desk Inc Stock
The stock is one of the favorites of our community with 49 Buy predictions and 2 Sell predictions.
As a result the target price of 93 € shows a slightly positive potential of 9.3% compared to the current price of 85.09 € for Trade Desk Inc.
