The latest TTD stock forecast incorporates increased cross-platform campaign spending data, which is driving expected EBITDA margin expansion in H2 2024. As the U.S. stock market continues its upward trajectory, with major indices like the S&P 500 and Dow Jones Industrial Average marking multiple months of gains, investors are keeping a close eye on potential government shutdowns and their impact on economic stability. Amid this environment of cautious optimism, identifying undervalued stocks becomes crucial for those looking to capitalize on discrepancies between market price and intrinsic value. However, Giarelli thinks Trade Desk is still “a moaty business.” He recently upgraded Trade Desk’s economic moat rating from none to narrow. The firm’s competitive advantage stems from its transparency and control over the ad-buying process, he says, qualities that set it apart from competitors. “Most other DSPs are incredibly opaque and less comprehensive in terms of giving advertisers ultimate control over ad buying and decision-making,” he notes. “Most of these competing players are ‘black boxes,’ while TradeDesk is a ‘clear box.’” The TTD stock forecast remains bullish in Q2 2024, with analysts projecting a potential price range of $94–$102, driven by strong digital ad market spending and The Trade Desk’s expanding global client base. Investors should track CPM trends and programmatic adoption rates.
