Joe Terranova The Trade Desk TTD-Q BUY Feb 16, 2024

Tomorrow they launch something major, a new media buying platform using AI, could be a game changer. TTD shares are up 70% YTD.

Good company, but the stock is rich and the market is intolerant towards that. Buy some now and wait to see if it goes lower.

Trades at a high 53x PE, which the market doesn't like. You can buy it, but you'll likely hold this for a long time before it makes money,w

Just bought more. Meta and GOOG have dominated digital ad spending, but connected TV is now seeing more of that spend. TTD sits in the middle of this huge secular trend. They use AI well to help place those ads. You can buy it here for an impending breakout. But it's volatile.

He expects 33% free cash flow growth in the next 3 years. Are in the sweet spot for ad tech.

Is -10% in one week. The CEO, in the conference call, said he was disappointed in himself and isn't clear how much things have really changed and if they will change. Wait another quarter before deciding.