The Trade Desk's Stock Is Up Over 30% This Year. Is It Still A Buy?
Take The Trade Desk (NASDAQ: TTD), for example. The digital-advertising software company is up over 30% through the first quarter of 2023, and more than 50% from its lows last summer (a low point that was briefly re-tested in November 2022). This best-in-breed software company has always had a premium price tag, and it's certainly more expensive now than it was just a few months ago, when I thought it was a top buy.