The Trade Desk’s 2Q22 earnings puts the company in its own league

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The Trade Desk’s ($NASDAQ:TTD) 2Q22 earnings puts the company in its own league. Just when the entire world was convinced that digital advertising has dramatically slowed down in a post-COVID world characterized by 40-year-high inflation, war and a looming recession, The Trade Desk reported astonishingly positive 2Q22 results where both the top and bottom line surprised the Street to the upside. Having previously received such gloomy/uncertain forward-looking statements from the likes of Snap, Meta, Pinterest, Roku and Google, markets were mentally prepared for another man down going into Trade Desk’s Q2 earnings. The company’s ability to outperform in a tough economic environment bodes well for its long-term prospects.

Market Reaction

On Thursday, The Trade Desk’s stock opened at $74.6 and closed at $71.6. The company’s strong performance is a result of its focus on programmatic advertising, which has helped it weather the storm better than most.

VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on TRADE DESK are made simple by VI app. The intrinsic value of TRADE DESK share is around $72.1, calculated by VI Line. Now TRADE DESK stock is traded at $71.6, a fair price undervalued by 1%. The company’s fundamentals reflect its long-term potential, and the VI app makes the below analysis of TRADE DESK simple. The intrinsic value of a TRADE DESK share is around $72.1, as calculated by VI Line. The stock is currently traded at $71.6, making it a fair price that is undervalued by 1%.

Summary

Investors in The Trade Desk can expect strong growth for the foreseeable future, as the company continues to benefit from the shift to digital advertising. The Trade Desk is well-positioned to capitalize on this trend, with a leading platform and technology that is constantly improving. While the stock may be volatile in the short-term, the long-term outlook remains very positive.