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Trade Desk (TTD) Sky Rockets!

Programmatic advertising specialist The Trade Desk (TTD) surged nearly 30% today in light of its explosive third-quarter financial results. The company reported revenue of $216 million, up 32% year over year, while delivering earnings per share (EPS) of $1.27. It blew past analyst consensus estimates that called for revenue of $180.88 million and EPS of $0.43.

Our profits on all the 3 positions we opened in TTD have gone up higher to as nearly 500%. Congratulations!

Trade Desk Surges 30% post Q3 earnings
Trade Desk Surges 30% post Q3 earnings

Growth is also back near pre-pandemic levels, as the company's 32% year over year revenue increase is on par with the 35% growth it delivered in Q4 2019.

TTD chart crossing $800 for the first time
TTD chart crossing $800 for the first time

Our Stance:

Even after the sharp rise to new all time highs we continue to like TTD:

  • Connected TV grew over 100% Y/Y.

  • Audio spend grew around 69%.

  • Mobile video spend grew about 71%.

  • Customer retention has been impressive as before and held over 95%.

  • Still exhibits ability for high growth and high margins through its aggressive growth strategy.

  • Advertisers are looking on ROI on every Ad dollar spent, and are prioritizing ads that are measurable and comparable. And TTD is right in the sweet spot for it.

Strong guidance for the Q4.

We maintain HOLD on all our 3 positions in TTD for now. If you have never owned TTD, look to buy some on dips.

Stay tuned, as there will be more action next week.

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"Buy To Cover" Pick No: 269

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