Long Position on TTD @ $77.00 on 6/30/2023 (Momentum)

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

The company operates a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.

It also provides data and other value-added services. The company serves advertising agencies, brands, and other service providers for advertisers. 

Shares have formed a bullish "cup and handle" following its latest quarterly report. On May 10th, TTD reported 1st Quarter March 2023 earnings of $0.17 per share on revenue of $382.8 million. The consensus earnings estimate was $0.12 per share on revenue of $364.5 million. The Earnings Whisper number was $0.14 per share. Revenue grew 21.4% on a year-over-year basis.

The company said it expects second quarter revenue of at least $452.0 million. The current consensus revenue estimate is $444.51 million for the quarter ending June 30, 2023.

 

Entry Point: $77.00

Stop Loss: $73.00

Trading Range: $39.00 - $79.38

Target Price: $84.70

Position closed on 7/13/2023 at price of $90.00 with a 16.88% gain in 13 days.

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