The Trade Desk’s growth has slowed, but revenue is still up 18% YoY. Despite a stock decline, valuation remains high. CTV may drive reacceleration, as it’s the company’s biggest and fastest-growing channel. The stock is not cheap, with a P/E ratio of 44. Investors should wait for growth to pick up or a further drop in stock price before buying. The Motley Fool’s top 10 stocks do not include The Trade Desk. Stock Advisor has a 986% average return vs. the S&P 500’s 196%. Make informed investment decisions.

Read more at Nasdaq: Down 73% From All-Time High, Is The Trade Desk Stock a Buy?