The Trade Desk: Overblown

Strong outperformance demonstrates company's leadership position and execution

The Trade Desk’s TTD 0.00%↑ outperformance this quarter was a very strong and tangible proof point of its leadership position and that the market’s near-term concerns were overdone.

After a miss in the last quarter’s results, investors started losing confidence in the company and questioning whether competitive pressures, company-specific issues and more were starting to affect The Trade Desk’s business.

However, we saw that the company’s business model and management team continue to execute well and remain solid.

I took the view after the last quarter’s results that the market’s fears were overblown due to multiple factors, which resulted in a very attractive opportunity to buy a high-quality company at a discount.

Today, after the first quarter results, I am even more confident about my view, as I will explain in the article below.