Trade Desk: A Good Trade After A Brutal Correction

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About: The Trade Desk, Inc. (TTD)
by: Bert Hochfeld
This article is exclusive for subscribers.
Bert Hochfeld
Long/short equity, Growth, event-driven, research analyst
Summary

Trade Desk reported its results last week.

The results were a small beat on revenues and a much larger beat on earnings.

The company also raised its expectations for the current quarter.

Management talked specifically about strong trends in demand that drove growth as the quarter progressed.

Current forecast, though higher than before, seems exceptionally conservative setting up a nice trade.

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Why the shares make sense and some salient details of the earnings release

This earnings season has certainly