Trade Desk Stock Composite Rating Climbs To 96; Reopening Economy Spurs Ad Buying

The IBD SmartSelect Composite Rating for Trade Desk (TTD) rose from 91 to 96 Monday. That’s a near-best rating for Trade Desk stock.


The new rating is a sign the Trade Desk stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.

Strong Sales Lift Trade Desk Stock

In Q1, Ventura, Calif.-based Trade Desk posted EPS that was unchanged from a year earlier, though its earnings were up 100% year over year the prior quarter.

However, revenue grew 37% last quarter for the provider of a self-service platform for ad buyers, to $219.8 million. And that came on the heels of 32% and 48% revenue growth the prior two quarter. That reversed from a 13% drop in sales in the June 2020-ended quarter amid the pandemic. The company’s next quarterly report is expected on or around August 6.

Trade Desk stock earns the No. 2 rank among its peers in the Commercial Services-Advertising industry group. TechTarget (TTGT) is the top-ranked stock in the group.

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Trade Desk stock has an 86 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 86% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

Watchlist candidate Trade Desk is not currently near a proper buy point. See if the stock goes on to offer a new buying opportunity, such as a three-weeks-tight pattern, or  a bounce off of its 50-day or 200-day line.


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