Resources For TV Channel Developers

The Trade Desk, a company that sells advertising technology that helps marketers reach targeted audiences across publishers and devices, has seen its stock price rally by about 16% over the last week (five trading days). This compares to the S&P 500, which has remained roughly flat over the same period. The recent rally comes as the company posted stronger than expected results for Q3 2021, with revenue rising by 39% year-over-year to $301 million with adjusted EPS rising about 38% to $0.18. Moreover, the outlook for Q4 2021 was also better than expected, with the company noting that sales could grow to at least $388 million, translating into a 21% plus year-over-year growth. With the strong results and outlook, investors are likely increasingly confident that the company will be able to navigate the two big headwinds ad-tech players have been facing, namely Apple’s move to prevent advertisers from tracking iPhone users without their consent and Google’s plans to phase out ad-tracking cookies from its Chrome browser.

So is TTD stock likely to rise further in the coming weeks and months or is a correction looking more likely? Per the Trefis machine learning engine which analyzes historical stock price movements, TTD stock has a 64% chance of a rise over the next month (21 trading days). See our analysis The Trade Desk Stock Chance…