The Trade Desk Inc Class A
TTD: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $76.00 | Nkf | Jzswygtd |
The Trade Desk Earnings: Strong Growth Outpacing the Digital Ad Market, but Shares Remain Overvalued
The Trade Desk’s fourth-quarter results mostly matched our projections, confirming our view that management’s growth guidance was too conservative. Advertising spending continues to increase with economic growth, especially in the two areas on which the firm is focused—connected television and retail media—which are still in their early growth phases. Plus, as we assumed, international demand for connected TV ads remained strong, undeterred by geopolitical issues.