Next year, analysts forecast its top line to grow another 24.6%, up to $2 billion. This year, Wall Street analysts expect Trade Desk's total revenue to climb 32.7% year over year to $1.6 billion. Alphabet has faced plenty of regulatory scrutiny over the years, which could negatively impact its ad business over the long run. Put simply, a walled garden in digital advertising describes a platform that keeps information and data to itself without sharing it with its users. Because there's not a dominant player in the arena, the CTV ad market is extremely fair and competitive, which has attracted the advertising dollars of many of the world's biggest brands. The shift to CTV has led to walled gardens like Alphabet and Meta Platforms to be downgraded in priority. Let's examine its current situation and determine if investors should consider it a buy right now. However, it's certainly worth having a look at Trade Desk today. The stock has cooled down a bit since its post-earnings climb and year to date it's still down 33.4%.
Following its Q2 earnings call, Trade Desk stock jumped more than 30%, begging the question: Did investors miss out on all the big gains for the ad-tech company? It showed great resiliency in its most recent quarter, beating both analysts' top and bottom line estimates. Trade Desk offers a marketplace for consumers to buy different types of advertisements. In response to the latest trends, investors weren't very optimistic prior to Trade Desk's ( TTD -1.42%) second-quarter earnings announcement, which occurred on Aug. Red-hot inflation, rising interest rates, and geopolitical concerns have caused businesses to tighten their purse strings, with the first step often being slashing their advertising budgets. The darkening economic outlook has adversely impacted companies in the digital advertising space of late.
0 kommentar(er)
