Is This Unstoppable Stock a Surefire Addition to the S&P 500 Index?
Joining the Nasdaq-100 in July earlier this year, The Trade Desk (NASDAQ: TTD) and its advertising demand-side platform (DSP) continued along its path toward becoming one of the most influential companies of our era.
Rising around 2,490% since its 2016 initial public offering (IPO), The Trade Desk would have turned a $1,000 investment into nearly $26,000 in just over seven years.
Letting ad buyers choose from more than 500 billion ad opportunities daily, The Trade Desk's platform helped power revenue and free cash flow (FCF) growth of over 700% since the company's IPO. Despite this incredible growth operating in a digital advertising industry expected to grow from $616 billion in 2022 to over $1 trillion in 2027, the S&P 500 index is yet to give Trade Desk the green light.
Source Fool.com
