I Just Added The Trade Desk to My Watchlist. Here’s Why.
The Trade Desk (NASDAQ:TTD) is a fast-growing tech company that helps ad agencies and marketers optimize their digital ad spend. Listed in 2016, it has had a good run since its IPO, with revenue more than tripling while net profit surged by more than 500%. These numbers are impressive, but I think its best days are yet to come.
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Founded in 2009, The Trade Desk has grown by leaps and bounds over the years. In the last four years alone, revenue rose 481% to $661 million -- a compound annual growth rate (CAGR) of 55%. Net profit attributable to shareholders performed even better, up by a CAGR of 87% to reach $108 million.
Source Fool.com
