Why Trade Desk, Inc. (TTD) Soared On Friday
From Yahoo Finance: 2025-05-09 19:55:00
On the last day of the trading week, the stock market dipped as investors prepared for US-China trade talks. The Dow Jones and S&P 500 fell by 0.29% and 0.07%, while the Nasdaq remained flat. However, 10 companies saw double-digit gains due to positive earnings and outlooks.
One of the top performers was Trade Desk, Inc. (TTD), which soared by 18.6% to $71.04 per share. The company reported a 59% increase in net income to $51 million and a 25% rise in revenue to $616 million year-on-year. Customer retention was strong at over 95%.
TTD CEO Jeff Green expressed optimism for the future, targeting $682 million in revenues and $259 million in adjusted EBITDA for the second quarter. While TTD ranks 3rd in Friday’s best-performing stocks, some investors see more promise in AI stocks for higher returns in a shorter timeframe.
Read more at Yahoo Finance: Why Trade Desk, Inc. (TTD) Soared On Friday