Are you looking to make a smart investment move in the advertising technology sector? Well, according to Wells Fargo analyst Alec Brondolo, now might be the perfect time to consider adding shares of The Trade Desk to your portfolio. At Extreme Investor Network, we always strive to provide our readers with valuable insights and actionable recommendations to help you make informed decisions in the world of investing.
Brondolo recently initiated coverage of The Trade Desk with an overweight rating, citing the company’s potential to capture more advertising spending through new partnerships. In fact, Brondolo believes that these partnerships could significantly boost the company’s revenue estimates, with a $150 price target on Trade Desk – representing a 26% upside potential.
One key factor driving Brondolo’s bullish outlook on The Trade Desk is the company’s plans to unlock inventory on platforms like Roku and Netflix in the coming years. Brondolo estimates that these initiatives could add 400 basis points to the company’s gross spend growth in 2025, positioning The Trade Desk well above consensus expectations.
Additionally, The Trade Desk is expected to benefit from advertising opportunities on Prime Video, further fueling growth in the connected TV industry. Brondolo also believes that the company will continue to thrive despite legal challenges faced by industry giant Alphabet, as the shift from linear to connected TV advertising accelerates.
It’s worth noting that The Trade Desk’s stock has already seen impressive gains this year, climbing 65%. With a promising outlook and strong growth potential, The Trade Desk is certainly a stock to keep on your radar.
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