1 Growth Stock Down 65% to Buy Right Now

Online ad-technology company The Trade Desk (NASDAQ: TTD) used to be a market darling. The company thrived in the coronavirus lockdown era, continued to win in the inflation panic of 2022, and soared in the relative normalcy of 2023 and 2024. The digital advertising market saw several upswings and downturns in this span, but The Trade Desk just kept growing its business.As a result, the stock soared from $27 at the start of 2020 to $142 in December 2024. At the peak, it traded at lofty valuations such as 134 times free cash flow and 227 times earnings.But the market turned against The Trade Desk in a heartbeat. One mildly disappointing revenue report later, the stock dipped 34% in a single week and then kept sliding. Today, The Trade Desk's stock stands 65% below the bittersweet ceiling it reached in December.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool