The Trade Desk Has Fallen 76% This Year: Here's What Investors Should Know
The ad tech giant faces formidable near-term and long-term challenges.
Overview
The Trade Desk (NASDAQ: TTD), one of the world's largest independent adtech companies, was once a hot growth stock. However, it's declined 76% year to date as investors fretted over its cooling growth, competitive threats, a management shake-up, and a highly publicized dispute with Publicis (OTC: PUBGY), one of the world's largest advertising groups. Concerns about inflation, elevated interest rates, and other macro headwinds also squeezed its valuations.
Does The Trade Desk's pullback represent a good buying opportunity for contrarian investors? Or does it face existential threats that will derail its long-term growth?
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Originally published at www.fool.com.