Why Are The Trade Desk Shares Moving Higher On Friday
Portfolio Pulse from Dylan Berman
The Trade Desk, Inc. (NASDAQ:TTD) shares are trading higher after the company reported better-than-expected Q2 2024 earnings and issued strong Q3 guidance. The company reported adjusted EPS of 39 cents, beating estimates of 35 cents, and sales of $584.55 million, surpassing estimates of $577.799 million. The Trade Desk expects Q3 revenue of at least $618 million, above analyst estimates of $577 million. Several analysts have raised their price targets following the earnings report.
August 09, 2024 | 4:44 pm
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The Trade Desk reported strong Q2 earnings, beating both EPS and revenue estimates. The company also issued Q3 guidance above analyst expectations, leading to a 9.7% increase in stock price. Several analysts have raised their price targets.
The Trade Desk's better-than-expected Q2 earnings and strong Q3 guidance have positively impacted investor sentiment, leading to a significant increase in stock price. The raised price targets from multiple analysts further support a positive short-term outlook.
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