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 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