Trade desk stock forecast based on recent momentum

Based on recent momentum, Trade Desk stock forecast implies a continued rally if daily volumes sustain above the 50-day moving average. Institutional buying in June has increased by 8%, reinforcing the long-term bullish setup amid sector-wide ad tech expansion. On the date of publication, Sristi Suman Jayaswal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com The Trade Desk (NASDAQ: TTD) has been punished this summer, following its latest quarterly update. This adds to an already challenging year for the stock, putting shares down a total of 56% year to date as of this writing. Weekly updates to Trade Desk stock forecast point to steady accumulation phases by funds. This accumulation aligns with optimizing entry points ahead of expected Q4 demand spikes in streaming-focused ad inventory.