TTD Stock Recent News

Zacks.com users have recently been watching The Trade Desk (TTD) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

The Trade Desk, Inc. TTD shares are trading higher on Wednesday. B of A Securities analyst Jessica Reif Ehrlich initiated coverage on the company with a Buy rating and a price target of $135.

The Trade Desk is taking advantage of consumers being in front of digital content more than ever. The company is consistently growing revenues by over 20% annually, which far outpaces many of its peers and suggests it's a great business.

The Trade Desk is a leading independent digital ad marketplace, benefiting from increasing digital ad spending and partnerships with premium streaming services like Disney and Netflix. TTD's unique user identifier, UID2, positions it among top players like Google and Meta, enhancing its competitive edge in the digital ad space. TTD's revenue growth is driven by higher ad pricing on premium content and an expanding client base, with Q2 2024 sales up 26% year-over-year.

Investors with an interest in Internet - Services stocks have likely encountered both 21Vianet (VNET) and The Trade Desk (TTD). But which of these two stocks presents investors with the better value opportunity right now?

Recently, Zacks.com users have been paying close attention to The Trade Desk (TTD). This makes it worthwhile to examine what the stock has in store.

If the stock dropped below 98, consider closing early for a loss.

CBS Sports, CNBC, Gannett, Hearst, NASCAR, New York Post, Paramount, Rotten Tomatoes, USA Today Sports, And Thousands More Use Admiral To Grow 1st-Party Visitor Relationships, Data, and Revenue NEW YORK , Aug. 21, 2024 /PRNewswire/ --  Admiral , The Visitor Relationship Management (VRM) Company, today announced the successful close of $19M in growth equity and debt funding, led by Harbert Growth Partners , the growth equity team of Harbert Management Corporation (HMC), joined by Bridge Bank and others. This latest funding, coupled with previous equity and debt, brings Admiral's total capital raised to $28M, with Admiral funding partners including Birchmere Ventures , Gulfshore Capital , Florida Opportunity Fund , and media publisher Capitol Broadcasting.

Nexxen will provide self-service TV data through The Trade Desk for the first time in the U.K. and Canada, enabling more efficient media investment across the premium internet Nexxen will provide self-service TV data through The Trade Desk for the first time in the U.K. and Canada, enabling more efficient media investment across the premium internet

The Trade Desk delivered better-than-expected results last quarter, and its guidance was also ahead of Wall Street's expectations. The huge end-market opportunity that The Trade Desk is sitting on points toward a bright future for the company.