The Trade Desk Shares Soar on Strong Quarterly Results
August 11, 2022
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The Trade Desk ($NASDAQ:TTD) reported strong quarterly results, with revenues up 35% year-over-year to $377 million and operating expenses up 72% to $375.2 million. The company’s shares jumped more than 16% on the news. Analysts praised The Trade Desk for its strong execution despite the challenging economic environment. Truist analyst Youssef Squali said the company is likely to continue gaining market share in the second half of 2022, driven by growth in connected TV and shopper marketing, among other areas. The Trade Desk gave a solid outlook for the third quarter, with sales expected to be $385 million, ahead of analysts’ expectations of $382.3 million. Given the strong quarterly results and outlook, it seems likely that The Trade Desk will continue to perform well in the long term.
The Trade Desk, a global technology company that provides a self-service platform for buying and managing digital advertising, announced strong quarterly results on Wednesday. The company’s stock soared 36.2% on the news, opening at $68.1 and closing at $74.2. Most news coverage of the announcement has been positive, with analysts praising the company’s strong performance. The Trade Desk has been a leader in the digital advertising space for years, and these latest results show that the company is continuing to grow at a rapid pace.
Company’s fundamentals reflect its long term potential, below analysis on TRADE DESK are made simple by VI app. VI Star Chart shows that TRADE DESK is strong in asset, growth, profitability, and weak in dividend. TRADE DESK has a high health score of 8/10 with regard to its cashflows and debt, is capable to safely ride out any crisis without the risk of bankruptcy. TRADE DESK is classified as ‘gorilla’, a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage. High growth companies are deemed more risky as they attempt to grow faster.
The Trade Desk, Inc. ($NASDAQ:TTD) shares soared 36.2% on Friday after the company reported strong quarterly results. On the top-line, The Trade Desk saw strong growth across all of its major product categories. The Trade Desk is a leading provider of programmatic advertising technology. The company’s platform helps ad buyers to plan, buy, and measure their advertising campaigns across all major ad formats and channels. The company has a strong market position and is benefiting from the continued shift of ad spending to programmatic channels.
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