Trade Desk slips as Q2 operating costs jump

Taboola.Com

10/08/2023 13:11

** Shares of ad-tech firm Trade Desk  TTD.O  fall 1.1% to
$80 premarket
    ** TTD's total operating expenses jump 12.6%; co forecasts
Q3 revenue of $485 million, ahead of analysts' expectations of
$479.6 mln
    ** Trade Desk has increased its market share among
demand-side platforms in the ad-tech space. However, stock
remains significantly overvalued compared to peers - Morningstar
    ** Co's forward price-to-earnings multiple, a common
benchmark for valuing stocks, is 58.32
    ** Co beats profit estimates for the fourth consecutive
quarter - Refinitiv
    ** Analysts, on average, rate the stock "buy"; median PT
stands at $91
    ** Up to last close, stock up ~81% this year

 (Reporting by Arsheeya Bajwa in Bengaluru)
 ((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800))