The Trade Desk stock (TTD) has surged by about 0.5% after outperforming the Q4 earnings targets and it has also given an upbeat outlook.
Although the stock did not perform as expected by a majority of investors after the Q4 earnings report, it is expected to maintain a bullish outlook at least into the first quarter of 2022.
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To help stock investors interested in investing in Trade Desk stock, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
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What is Trade Desk stock?
Trade Desk stock is the stock of Trade Desk Inc and it trades on the NASDAQ Stock Exchange under the symbol NASDAQ: TTD.
In a nutshell, the Trade Desk Inc is a global technology company based in California, USA. It operates a software platform used by digital ad buyers to purchase data-driven digital advertising campaigns across various ad formats and devices.
Trade Desk is the largest independent demand-side platform around the world and it competes with the likes of Facebook Ads and DoubleClick Google, among others.
Should I buy TTD stock today?
If you are looking to invest in a stock that has been on a sustained bullish trend, then the TTD stock could be a good choice.
However, it is important to keep in mind there is a lot of competition within the ad-campaign sector, and Trade Desk requires to maintain a superior user experience to remain on top. Anything short of that would greatly affect its revenue causing its stock to drop miserably.
Trade Desk stock price prediction
Trade Desk stock bullish trend is expected to continue following the growing interest for internet services and the growing list of websites seeking to increase their revenue through advertisements.
If it maintains the current trend, its price is predicted to trade above $85 by the end of the first quarter of 2022.
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