Long Position on TTD @ $77.00 on 7/13/2021 (Fundamentals)

The Trade Desk, Inc. (TTD) operates as a technology company in the United States and internationally.

The company operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns in various ad formats and channels, including display, video, audio, in-app, native and social, and on various devices, such as computers, mobile devices, and connected TV.

It also provides data and other value-added services, as well as platform features.

The company serves advertising agencies and other service providers for advertisers. The Trade Desk, Inc. was incorporated in 2009 and is headquartered in Ventura, California.

The Trade Desk reported 1st Quarter March 2021 earnings of $0.88 per share on revenue of $219.8 million. The consensus earnings estimate was $0.77 per share on revenue of $216.9 million. Revenue grew 36.8% on a year-over-year basis.

The company said it expects second quarter revenue of $259.0 million to $262.0 million. The current consensus revenue estimate is $253.92 million for the quarter ending June 30, 2021.

This stock should be a strong growth stock, as its continued to beat market returns for advertising.

Entry Point: $77.00

Stop Loss: $73.15

Trading Range: $40.40 - $97.28

Target Price: $84.00

Updates

7/30/2021 10:20:35 AM

TTD closed at $83.50

Position closed on 7/30/2021 at price of $83.50 with a 8.44% gain in 17 days.

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