Trade Desk Set To Capitalize On Connected TV Boom And Retail Media Growth, Analysts Predict Big Gains
Portfolio Pulse from Lekha Gupta
The Trade Desk, Inc. (TTD) is expected to benefit from the growth in Connected TV and Retail Media markets, with a Buy rating and a $135 price target from B of A Securities. TTD's innovation and focus on identity solutions position it well for future growth, with expected revenue and EBITDA growth of 23% and 27% CAGR, respectively. Investors can also gain exposure through ETFs like MRAD and QQQG.
September 04, 2024 | 5:47 pm
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POSITIVE IMPACT
SmartETFs Advertising & Marketing Technology ETF (MRAD) offers exposure to The Trade Desk, Inc. (TTD), which has received a positive analyst rating and price target, potentially benefiting the ETF.
MRAD holds TTD, which has received a positive analyst rating and price target. This could lead to a positive impact on MRAD's performance as TTD's stock price potentially rises.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF (QQQG) includes The Trade Desk, Inc. (TTD), which has been positively rated by analysts, potentially benefiting the ETF.
QQQG holds TTD, which has received a positive analyst rating and price target. This could lead to a positive impact on QQQG's performance as TTD's stock price potentially rises.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The Trade Desk, Inc. (TTD) received a Buy rating and a $135 price target from B of A Securities, driven by its strategic position in the growing Connected TV and Retail Media markets. The company's focus on innovation and identity solutions like UID 2.0 enhances its competitive edge.
The analyst's Buy rating and high price target indicate strong confidence in TTD's growth potential. The company's strategic positioning in expanding markets and focus on innovation are key factors driving this positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100