Is The Trade Desk Due for a Comeback?
The Trade Desk's correction is well overdone, but don't expect it to shoot up like a rocket.
Overview
Connected TV stocks were all the rage during the pandemic, but many of these same stocks have crashed from their highs. Roku is getting acquired for $160 per share after almost reaching $500 per share in 2021.
The Trade Desk (NASDAQ: TTD) is a similar story, but without the buyout. The stock is down by more than 50% year to date, and its $18 price tag is a far cry from the $140 per share it hit near the end of 2024.
Details
The Roku deal has brought more attention to The Trade Desk stock, and its 20.6 P/E ratio makes it worth looking at now. Here's what you should know about the stock.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.