Trade Desk's Technological Innovation Drives Dominance: Analyst Foresees Revenue Surge In Coming Years
Portfolio Pulse from Lekha Gupta
William Blair analyst Ralph Schackart initiated coverage on The Trade Desk Inc (NASDAQ:TTD) with an Outperform rating, citing the company's technologically advanced platform and high margin profile. Schackart estimates revenue growth of about 23% to $1.94 billion in FY23 and $2.39 billion in FY24. However, he also noted concerns about a weak macroeconomic environment, stringent regulation, and the ability to maintain its roughly 20% take-rate.
September 06, 2023 | 4:40 pm
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The Trade Desk received an Outperform rating from a William Blair analyst, who cited the company's high margin profile and robust growth. However, concerns about a weak macroeconomic environment and stringent regulation were also noted.
The positive rating from the analyst, along with the projected robust revenue growth, is likely to boost investor confidence and potentially drive the stock price up in the short term. However, the concerns raised about the macroeconomic environment and regulation could create some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100