Is The Trade Desk Stock a Buy After Its 60% Decline This Year? Wall Street Has a Clear Answer for Investors.

The Trade Desk (NASDAQ: TTD) is having a dismal year. Shares dropped more than 30% on Feb. 13 after fiscal fourth-quarter results missed revenue estimates. Then shares dropped nearly 40% on Aug. 8 after second-quarter results failed to impress investors. In total, the stock has tumbled 60% year to date, which makes it the worst performer in the S&P 500.However, most Wall Street analysts see that as a buying opportunity. The Trade Desk has a median 12-month target price of $75 per share, implying 63% upside from its current share price of $46. But prospective investors should understand the headwinds the company faces before buying the stock.Here are the important details.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool