AdTech Stock Reaches New Highs: Should You Buy on the Pullback?
TTDThe Trade Desk(TTD) MarketBeat·2024-07-16 19:04

Trade Desk TodayTTDTrade Desk100.09+0.61 (+0.61100.09 +0.61 (+0.61%) 52-Week Range60.23▼102.67P/ERatio250.23PriceTarget102.67P/E Ratio250.23Price Target94.29Add to WatchlistDigital advertising has rebounded from the doldrums of 2022, powered by the growth of connected TV (CTV) and ad-supported video on demand (AVOD). This is exemplified by the surge to 52-week highs for the largest independent demand-side advertising technology (AdTech) platform provider,  The Trade Desk Inc. NASDAQ: TTD. Shares may be ripe for a pullback as a daily rising wedge rever ...