The stock still trades at a premium.
In this video, I will talk about The Trade Desk (TTD 4.15%), which is down 55% this year but still trades at 12 times sales and over 40 times forward earnings. I will explain why it has a premium valuation even though the advertising market is experiencing a slowdown.
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*Stock prices used were from the trading day of Dec. 27, 2022. The video was published on Dec. 30, 2022.
Neil Rozenbaum has positions in Trade Desk. The Motley Fool has positions in and recommends Trade Desk. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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