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Will The Trade Desk Stock Hit Bottom in 2023?

TheMotleyFool

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Will The Trade Desk Stock Hit Bottom in 2023?: https://g.foolcdn.com/editorial/images/710855/person-using-their-phone-on-a-couch.jpg

The Trade Desk (NASDAQ: TTD) has had a pretty dreadful 2022, with the stock down around 46% this year. Many investors might wonder whether the stock has further to go before bottoming or 2023 will be the start of a new bull run.

There are no fancy charts to tell us where The Trade Desk's stock is heading; instead, I'll focus on the stock's business, financials, and valuation to see what's potentially ahead.

The Trade Desk's software helps advertisers purchase ad space and determine the best place to advertise. Using various analytics, advertisers can tweak advertising campaigns to focus on what is working and reduce what isn't, so each dollar spent on advertising generates a maximum return.

Source Fool.com

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