Is The Trade Desk Too Expensive for 2022?
While the internet is an ever-changing and ever-expanding entity, one component of it will always remain the same -- the demand for advertising. The Trade Desk (NASDAQ: TTD) empowers buyers of digital advertising worldwide. Its platform offers precision targeting capability to marketers, reducing waste from ad budgets. Moreover, after setting up the ad campaign, the process is mainly automated, a win-win for The Trade Desk and marketers.
The company's stock has delivered exceptional returns to shareholders over the last five years. Indeed, the stock is up over 3,000% during that time. The melt-up in the stock price may have some investors concerned if it's too late to invest in The Trade Desk and if the stock may be too expensive to buy in 2022. Let's look closer at the business and its valuation metrics to determine if it is, in fact, too expensive.
Source Fool.com
