Why The Trade Desk Stock Rose 11% During July
Shares of the The Trade Desk (NASDAQ: TTD) rose 11% during the month of July, according to data from S&P Global Market Intelligence. The ad-tech darling continued to rise during the month, as coronavirus surges kept people at home yet analysts predicted a return of advertising dollars to the market.
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Analysts became bullish on The Trade Desk in July, as optimism over an economic recovery (and therefore a rebound in digital advertising) took hold. Toward the end of June, Needham & Company reiterated that The Trade Desk is one of its top picks, largely due to higher expectations next year as the world recovers from the pandemic, as well as the company's improving competitive position.
Source Fool.com
