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Trade Desk, Inc. (TTD) operates as an advertising 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 across various ad formats and channels, including display, video, audio, native, and social on various devices, such as computers, mobile devices, and connected TV.
It also provides data and other value-added services. The company serves advertising agencies and other service providers for advertisers.
On May 10th, Trade Desk reported 1st Quarter March 2022 earnings of $0.16 per share on revenue of $315.3 million. The consensus earnings estimate was $0.15 per share on revenue of $304.7 million. Revenue grew 43.5% on a year-over-year basis.
The company said it expects second quarter revenue of at least $364.0 million. The previous consensus revenue estimate was $360.34 million for the quarter ending June 30, 2022.
Shares have formed a bullish "wedge" and are expected to move higher from this formation. Netflix is set to launch its ad-based movie network very soon. TTD should be a beneficiary of the move by Netflix.
Entry Point: $45.00
Trading Range: $39.39 to $114.09
Stop Loss: $43.00
Target Price: $49.50
