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Posted by
Two Blokes May 11 -
Filed in
Stock
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The Trade Desk's Q1 earnings beat expectations, driven by accelerated Kokai platform adoption and organizational updates, leading to the stock exceeding my previous PT and outperforming the S&P 500. Management is optimistic about gaining market share due to favorable court rulings against Google and Meta, enhancing a fairer and more competitive open internet. Despite macroeconomic headwinds, The Trade Desk's innovative products and JBPs position it to navigate challenges, with a reiterated "buy" rating and a price target of $86.
