Why The Trade Desk Stock Is Up Today
Portfolio Pulse from Erica Kollmann
The Trade Desk, Inc. (NASDAQ:TTD) shares rose after reporting Q4 financial results that exceeded expectations and provided strong guidance. Despite missing EPS estimates, sales outperformed analyst predictions, and the company expanded its share repurchase program. Keybanc upgraded its price target for TTD following these results.
February 16, 2024 | 4:42 pm
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The Trade Desk's stock price increased following its Q4 earnings report, which showed higher-than-expected sales and strong future revenue guidance. The company also expanded its share repurchase program.
The positive reaction in TTD's stock price is likely due to the company's strong quarterly sales and optimistic revenue guidance for the next quarter, which surpassed analyst expectations. Additionally, the expansion of the share repurchase program signals confidence from management in the company's future, further encouraging investors. Keybanc's upgrade in price target following these results also plays a significant role in bolstering investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100