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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 February 15th, Trade Desk (TTD) reported Quarter December 2022 earnings of $0.33 per share on revenue of $490.7 million. The consensus earnings estimate was $0.36 per share on revenue of $491.2 million. Revenue grew 24.0% on a year-over-year basis.
The company said it expects first quarter revenue of at least $363.0 million. The current consensus revenue estimate is $363.25 million for the quarter ending March 31, 2023. The company also announced a $700 million share repurchase program.
Since the report shares have formed a bullish "flag" and are expected to move higher from this formation.
Entry Point: $55.00
Trading Range: $39.00 to $86.88
Stop Loss: $52.50
Target Price: $60.55
TTD closed at $61.35
