Added to YB: 2026-09-15
Pitch date: 2026-09-11
TTD [neutral]
The Trade Desk, Inc.
+2.89%
current return
Author Info
Drew Cohen is a Portfolio Manager at Davidson Kahn Capital Management, an SEC-registered investment adviser. Sign up for the newsletter.
Company Info
The Trade Desk, Inc. operates as a technology company in the United States and internationally. The company creates, manages, and optimizes digital advertising campaigns across ad formats, channels and devices, including CTV and other video, display, audio, and native, on a multitude of devices, such televisions, streaming devices, mobile devices, computers and digital-out-of-home devices.
Market Cap
$6.7B
Pitch Price
$14.55
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.05
P/E
16.87
EV/Sales
1.90
Sector
Media
Category
turnaround
The Trade Desk Stock Breakdown: Dying Business or Generational Opportunity?
TTD (overview): The Trade Desk is a high-risk turnaround at 11x LTM EV/NOPAT after a ~90% share-price decline. Revenue growth fell from 26% in 2024 to 3% in Q2 2026, with Q3 guidance implying as much as a 12% decline. The core question is whether better measurement, retail data and lower-cost audience tools can counter Amazon’s cheaper, closed-loop offering; stabilization and high-single-digit growth could support a 20x multiple, but earnings may keep falling.
Read full article (15 min)