Trade desk stock price is trending near $97

Trade Desk stock price is trending near $97.85, slightly off its monthly peak, with institutional inflows suggesting a medium-term push toward the $105 resistance level based on revenue expectations. The Trade Desk reported revenues of $694 million, up 18.7% year on year. This print exceeded analysts’ expectations by 1.2%. Despite the top-line beat, it was still a mixed quarter for the company with a solid beat of analysts’ EBITDA estimates but a miss of analysts’ billings estimates. Advertisers like Homes.com, Tripadvisor and NerdWallet rely on Realize to hit performance goals. Since launch, more than 650 advertisers have tested its display and social features, seeing strong results —an aviation brand, for example, exceeded its performance target by 34%, boosting travel bookings and spend on Realize. Leveraging its advanced platform, the company projects upcoming quarterly revenues between $461 million and $469 million. Trade Desk stock price edged higher to $98.60 this week, reflecting optimism in the broader Nasdaq gains, as ad-tech sentiment improves with retail media networks expansion.