The Trade Desk Stock: Bear vs. Bull
The Trade Desk (NASDAQ: TTD) has turned out to be a solid investment in 2023 as shares of the advertisement technology (adtech) provider have shot up 96% as of this writing, driven by the company's impressive growth even at a time when the broader digital advertising market was in a slump.
However, investors may now be wondering if The Trade Desk could sustain its rally, especially considering the hefty valuation it commands following this year's gains. That's why it would be a good time to take a look at the bearish argument against The Trade Desk and check if it could pose a credible threat to the stock's impressive run.
The Trade Desk is now trading at a really rich 27 times sales. It is worth noting that the stock was trading at just under 15 times sales at the end of 2022. Bears might argue that The Trade Desk doesn't deserve such an expensive valuation since its growth is expected to slow this year.
Source Fool.com
