The Trade Desk: Wait For The Turn
The Trade Desk has dropped from over $140 to below $50 due to fears of an ad market slowdown and reduced growth targets. The digital ad platform only has a fraction of a nearly $1 trillion ad market providing huge growth opportunities for the years ahead. The stock is more attractive at 22x EPS targets, but the business is going through a rough patch elevating short-term risks. The Trade Desk, Inc. ( NASDAQ: TTD ) has slumped due to fears of an ad market slowdown while the company has previously pulled back from aggressive growth targets. The digital ad platform now trades at a more reasonable stock valuation after falling from over $140 to below $50. My investment thesis is more Bullish on the stock while looking for a bottom on the falling knife. Read the full article on Seeking Alpha. Disclosure: No position mentioned. Please review the disclaimer page for more details.