The digital advertising enabler has been taking market share in a slowing industry.
Marketers have pulled back spending as fears of a recession are rising. Fool.com contributor and finance professor Parkev Tatevosian updates his recommendation on The Trade Desk (TTD 0.85%) stock.
*Stock prices used were the afternoon prices of May 12, 2023. The video was published on May 14, 2023.
Parkev Tatevosian, CFA has positions in Walt Disney and has the following options: long January 2024 $105 calls on Walt Disney. The Motley Fool has positions in and recommends Netflix, The Trade Desk, and Walt Disney. The Motley Fool recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, 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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