The Trade Desk is the rare tech stock that is still up more than 100% from pre-pandemic levels.

Trending News 🌥️

Trade Desk Intrinsic Stock Value – The Trade Desk($NASDAQ:TTD) is a technology company that provides software for advertising purposes. This is a company competing with the likes of Alphabet and apparently winning.

The company’s software is used by advertising agencies and ad buyers. The company has seen strong growth in recent years and is expected to continue to grow in the future.

Market Price

At the time of writing, media coverage of the company is mostly positive. On Wednesday, The Trade Desk’s stock opened at $59.6 and closed at $63.0, a rise of 6.1% from the prior day’s closing price of $59.3. The company is benefiting from the shift to online advertising and e-commerce, as well as from the recent boom in the stock market.

VI Analysis – Trade Desk Intrinsic Stock Value

As an interactive advertising company, The Trade Desk’s fundamentals reflect its long term potential. The Trade Desk’s fair value is around $78.3, calculated by VI Line. Now The Trade Desk’s stock is traded at $63.0, a fair price undervalued by 20%.

Summary

The Trade Desk is the rare tech stock that is still up more than 100% from pre-pandemic levels. The company’s software helps advertisers target audiences across the web, and its stock has benefited from the ongoing shift of ad spending from traditional media to digital channels. The stock price has moved up in recent days, and analysts remain bullish on the company’s long-term prospects.

Investors who are bullish on The Trade Desk may want to consider buying shares at current levels. The stock is not cheap, but given the company’s strong growth prospects, it could be a good long-term investment.