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Will Trade Desk (TTD) Continue to Surge Higher?

Zacks Equity Research
Updated
Some investors are rotating out of earlier high flying technology stocks into cheap emerging markets.

As of late, it has definitely been a great time to be an investor in The Trade Desk, Inc. TTD. The stock has moved higher by 59.3% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider TTD’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as TTD has earned itself a Zacks Rank #1 (Strong Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

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Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>


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The Trade Desk Inc. (TTD) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research