The Trade Desk: Down 31%, Buy the Dip?

By Jason Hall and Jeff Santoro – Nov 16, 2023 at 6:02AM

NASDAQ: TTD

The Trade Desk

Market Cap

$41B

Today's Change

(1.67%) $1.39

Current Price

$84.73

Price as of April 26, 2024, 4:00 p.m. ET

Slowing growth rates have the market in a selling mood.

After strong results from Meta Platforms (META 0.43%) and Alphabet (GOOG 9.96%) (GOOGL 10.22%), investors were expecting something better from The Trade Desk (TTD 1.67%). In this video, Motley Fool contributors Jason Hall and Jeff Santoro take a look at what the company reported that led to the sell-off and offer their thoughts on whether shares are a buy right now.

*Stock prices used were from the afternoon of Nov. 10, 2023. The video was published on Nov 15, 2023.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Jason Hall has positions in The Trade Desk. Jeff Santoro has positions in The Trade Desk. The Motley Fool has positions in and recommends Alphabet, Meta Platforms, and The Trade Desk. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.