Is The Trade Desk Stock a Buy Now?
The digital advertising downturn that started with the inflation panic of 2021 has been tough for The Trade Desk (NASDAQ: TTD) investors. The stock price has more than doubled from the multiyear lows that followed, but it's far from a complete recovery. Even now, as the advertising market is getting back on its feet again, The Trade Desk's stock sits nearly 22% below the pre-crisis pinnacle.
But here's where it gets interesting: The company's business really didn't suffer from the inflation crisis. In fact, the added economic pressure on advertising budgets was arguably a selling point for The Trade Desk's services.
As a result, this stock stands out as a particularly promising growth story right now -- but is it a good buy? Let take a closer look at The Trade Desk's current situation.
Source Fool.com
