Buy Call on The Trade Desk (TTD)

about 1 month ago

Parkev Tatevosian, CFA

"So, to put it all together, do I think the Trade Desk stock is a buy on this dip? I think so. Yes. It's trading near its 52-week low. And while the risks are elevated, the upside is huge. And I like this business. The way they've been able to demonstrate capability and effectiveness and growing market share in a very attractive industry, the advertising industry, and the most attractive part of the advertising industry, which is the digital advertising industry. They've been buying back shares, signaling the management team thinks the shares are undervalued with a $500 million buyback authorization. I own Tradeesk stock myself and I'm interested in adding more shares. I will reiterate my buy rating for this business today."

The speaker expresses a bullish view on The Trade Desk (TTD), emphasizing that despite elevated risks from competition and decelerating revenue growth, the stock is trading near its 52-week low and appears undervalued based on its valuation metrics and active share repurchase program. He indicates that this presents a buying opportunity, and he is personally interested in adding to his position.

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