Why The Trade Desk Rose 13.1% in January
Shares of digital ad-buying platform The Trade Desk (NASDAQ: TTD) rose 13.1% in January, according to data from S&P Global Market Intelligence.
Honestly, there wasn't much company-specific news that drove The Trade Desk's outperformance during the month. In fact, most of the analysts who published notes on the stock gave neutral ratings or lowered their price targets.
And yet, some of the macroeconomic headwinds that caused The Trade Desk to decline 52% in 2022 showed signs of reversing. That led to a resurgence and perhaps short covering of beaten-down growth stocks, and The Trade Desk certainly was certainly part of that group.
Source Fool.com
