Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Should Investors Buy the Dip in Trade Desk?

Published 05/14/2021, 12:08 PM
Updated 05/14/2021, 01:30 PM
© Reuters.  Should Investors Buy the Dip in Trade Desk?

© Reuters. Should Investors Buy the Dip in Trade Desk?

The Trade Desk’s (TTD) stock declined more than 25% in a single day following the company's latest earnings report. Because the stock dipped 50% below its yearly high, it could be a fantastic buying opportunity for investors who have been patiently waiting on the sidelines. So, is TTD worthy of their investing dollars now that it is available at a considerable discount? Read on for an answer.Trade Desk (NASDAQ:TTD) has been in the news of late. The stock declined more than 25% in a single day following the company's latest earnings report. The question is whether investors overreacted or whether the recent drop is justified?

TDD's latest earnings report revealed the company has achieved nearly 40% year-over-year revenue growth. But unlike most other tech companies, TTD has zero debt. TTD is also in a favorable position because it has just less than $680 million in cash and investments on hand.

TTD's stock dipped 50% below its yearly high, meaning this could be a fantastic buying opportunity for investors who have been patiently waiting on the sidelines. So, is now the time to pick up shares of the advertising platform company’s shares at an attractive price? We answer this question below.

Continue reading on StockNews

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.