Long Position on TTD @ $290.00 on 5/27/2020 (Momentum)

The Trade Desk, Inc. (TTD) operates as a technology company in the United States and internationally.

The company operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns in various advertising formats, including display, video, audio, native and social, and on various devices, such as computers, mobile devices, and connected TV.

It also provides data and other value-added services, as well as platform features. The company serves advertising agencies and other service providers for advertisers. 

Trade Desk reported 1st Quarter March 2020 earnings of $0.83 per share on revenue of $160.7 million. The consensus earnings estimate was $0.42 per share on revenue of $160.0 million. Revenue grew 32.8% on a year-over-year basis.

As companies turn to more digital advertising campaigns to market their products and services, this stock should see strong long-term growth.

Entry point: $290.00

52-week trade range: $136.00 - $327.35

Stop/Loss: $274.00

Target Price: $325.00

Updates

6/2/2020 1:07:27 PM

TTD closed at $320.00. This stock should go higher from present level.

Position closed on 6/2/2020 at price of $320.00 with a 10.34% gain in 6 days.

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