Trade Desk Stock Forecast 2022: Is TTD a Buy Due to the Rise in Online Advertising?
The Trade Desk (TTD) is a California-based tech company known for its real-time programmatic marketing automation technologies, products, and services. The company is the largest independent demand-side platform in the world and competes with giants like Google’s DoubleClick, Facebook Ads, and many more. It rose to fame during the pandemic when businesses were forced to move online. The highly personalized customer experience provided by TTD helped its customers improve their overall return on investment. But The Trade Desk stock has been underperforming largely since the beginning of this year and has lost close to 24% year-to-date and about 8% in the last month.