The Trade Desk Inc Class A

TTD: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$11.00	Tqq	Xmrgdgms

Trade Desk Earnings: Executing on All Fronts as Connected TV and Retailers Drive Demand

Ali Mogharabi

Aug 10, 2023

We increased our fair value estimate for The Trade Desk slightly to $48 from $46. Unlike its advertising supply-side peers, the demand-side platform provider continues to experience improving demand from advertisers and ad agencies. The firm has positioned itself well to benefit from growth in the connected TV market and expanding digital ad spending among retailers and on their online properties.

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