(TTD) Trade Desk - Ratings and Ratios

The Trade Desk, Inc. is a technology company that empowers buyers to execute data-driven digital advertising campaigns across multiple channels and devices through its self-service cloud-based platform. By providing a suite of tools for planning, managing, optimizing, and measuring ad campaigns, the company enables advertisers to maximize their return on investment. The platforms versatility allows it to serve a diverse range of clients, including advertising agencies, advertisers, and other service providers.

Beyond its core ad-buying platform, The Trade Desk, Inc. offers additional data and value-added services that enhance its clients ability to understand and engage with their target audiences. With its headquarters in Ventura, California, and a global reach, the company has established itself as a significant player in the digital advertising landscape since its incorporation in 2009.

Analyzing the current market dynamics, we observe that TTD is positioned within the Application Software sub-industry, a sector characterized by rapid innovation and growth. Given its Market Cap:36798.95M USD and a P/E:91.32, the company is viewed as a growth stock, albeit with a high valuation. The forward P/E of 70.42 suggests that investors anticipate a deceleration in growth rate, but still expect significant expansion.

From a technical standpoint, TTDs stock is currently trading at 74.40, slightly above its SMA20:73.09 and significantly above its SMA50:60.78, indicating a positive short-term trend. However, the stock remains below its SMA200:96.95, suggesting that the long-term trend is still bearish. The ATR:3.14 =4.22% indicates moderate volatility, and the stock is currently between its support levels of 73.6 and 54.0.

Forecasting the future performance of TTD, we can anticipate that the stock will continue to be influenced by its ability to innovate and expand its market share within the digital advertising space. With a RoE:15.41, the company demonstrates a strong capacity to generate profits from shareholders equity. Given the current technical indicators and fundamental data, a potential target for TTD could be around its next resistance level of 99.2, assuming the company continues to report strong financials and the overall market sentiment remains positive. Conversely, failure to meet growth expectations could lead to a decline towards its support levels.