TTD Stock Recent News
TTD LATEST HEADLINES
The Trade Desk's latest results and guidance indicate that its healthy growth is here to stay. The company is gaining a bigger share of the digital ad market.
After a lackluster second half to 2023, shares of The Trade Desk, Inc. NASDAQ: TTD are once again doing what they love best: rallying. Truth be told, it was starting to look like they were forming a downtrend, having fallen more than 30% from last summer's peak into January.
The Trade Desk has grown rapidly during a challenging time in the digital ad industry. The company is capitalizing on the growth of connected TV.
The Trade Desk's fourth-quarter revenue rose 23% year over year. Its free cash flow topped half a billion last year.
One pundit feels the stock's value is well below a recent closing price. Even after market-pleasing quarterly results, he remained bearish on the shares.
The Trade Desk stock shot higher following the release of Q4 and 2023 earnings. Valuations appear elevated but are far from record highs.
The Trade Desk (TTD) shares surged almost 20% Friday, after the advertising-technology firm posted strong fourth-quarter sales and guided toward current-quarter revenue that topped analysts' forecasts.
The Trade Desk's revenue surged 23% to $606 million in the fourth quarter, eclipsing analyst expectations where it mattered most. With an ambitious first-quarter revenue target of at least $478 million, The Trade Desk has set its sights on a 25% year-over-year increase.
Trade Desk Inc (NASDAQ:TTD) stock is soaring to two-year highs, up 15.1% at $87.14 at last glance, after the company's upbeat first-quarter revenue forecast and flood of analyst bull notes.
The advertising-technology company reports better-than-expected fourth-quarter revenue and first-quarter guidance.