Trade Desk Inc is a technology company that provides a self-service platform allowing advertisers to manage digital marketing campaigns across various ad formats and channels, including display, video, audio, and social media
Through its sophisticated data management capabilities and real-time bidding technology, Trade Desk enables businesses to efficiently target and engage their audience, optimizing advertising spend to achieve better results. The company focuses on empowering ad buyers with tools and insights to maximize their marketing effectiveness in an increasingly complex digital landscape.
Shares of advertising software maker The Trade Desk (NASDAQTTD)
jumped 6.7% in the morning session after KeyBanc analyst Justin Patterson maintained a Buy rating and raised the price target to $142. Patterson expects The Trade Desk will continue to benefit from an improving advertising market, with expectations of better-than-expected fourth-quarter results when the company reports quarterly results on February 12, 2025 (later in the week). The main drivers behind this optimism seem to be the continued rise of connected TV (CTV), retail media, and audio, along with the OpenPath initiative. These factors are expected to help TTD achieve sustained annual revenue growth exceeding 20% and contribute to healthy margin expansion.
Since August 2024, Dine Brands has been in a holding pattern, posting a small loss of 4.3% while floating around $30.23. The stock also fell short of the S&P 500’s 15.2% gain during that period.
Looking back on advertising software stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Integral Ad Science (NASDAQIAS) and its peers.
Titan International has been treading water for the past six months, recording a small return of 1.9% while holding steady at $8.40. The stock also fell short of the S&P 500’s 12.6% gain during that period.
Camping World trades at $22.59 per share and has stayed right on track with the overall market, gaining 7.6% over the last six months. At the same time, the S&P 500 has returned 9.1%.
Coca-Cola has been treading water for the past six months, recording a small loss of 3.5% while holding steady at $62.50. The stock also fell short of the S&P 500’s 9.1% gain during that period.
Over the past six months, PagerDuty’s stock price fell to $18.40. Shareholders have lost 11.8% of their capital, which is disappointing considering the S&P 500 has climbed by 7.7%. This may have investors wondering how to approach the situation.
BMO Capital Markets analyst Brian Pitz said his channel checks suggested strong connected TV performance, which should translate to solid stock performance.
Woodward currently trades at $183.61 per share and has shown little upside over the past six months, posting a middling return of 2.6%. This is close to the S&P 500’s 3.8% gain during that period.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the advertising software industry, including DoubleVerify (NYSEDV) and its peers.
Major indices rallied on Wednesday after December inflation data showed underlying price pressures slowing, reducing fears of a prolonged pause in interest rate cuts by the Federal Reserve.
Over the last six months, Littelfuse’s shares have sunk to $231.01, producing a disappointing 13% loss - a stark contrast to the S&P 500’s 4.2% gain. This might have investors contemplating their next move.
AppLovin is part of an AI story that is still in its early stages which is why investors should carefully weigh the risk and reward for APP stock in 2025
