The Trade Desk Is Now the Worst-Performing S&P 500 Stock This Year. Is it a Buying Opportunity or a Red Flag?

For years, The Trade Desk (NASDAQ: TTD) was a stock market darling, marching steadily higher as it delivered solid growth year in, year out. The company established itself as the leading independent demand-side platform (DSP) in the rapidly emerging ad tech industry, and capitalized on new platforms like Connected TV and retail media.However, this year, The Trade Desk has run into some unforeseen challenges. Growth suddenly slowed as the company appears to be facing new challenges from "walled gardens," the tech giants like Alphabet, Meta Platforms, and Amazon that operate their own ad ecosystems that can block The Trade Desk. After Netflix and Amazon announced that they had formed a partnership allowing advertisers to purchase Netflix ads through Amazon DSP, The Trade Desk plunged double-digits on Wednesday, becoming the worst-performing stock on the S&P 500 this year, trading down 61% year-to-date as of Sept. 11.The stock also plunged following the release of two out of its three earnings reports this year (see chart below).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool