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The Trade Desk Stock Has Soared in May. Can This Momentum Continue?
Shares have jumped after a big earnings beat, but the stock's lofty valuation poses risks.
Shares of growth stock The Trade Desk (NASDAQ: TTD) have soared about 50% since May 1. Much of this incredible momentum has been driven by the company's impressive first-quarter results. The quarterly figures reassured investors after the company reported worse-than-expected results in the fourth quarter of 2024. For its first quarter, The Trade Desk smashed expectations, reporting revenue far in excess of its own guidance. Furthermore, the company guided for more strong growth in Q2.
But with the stock rising so much and so fast, is The Trade Desk still worth buying at this price?
Image source: Getty Images.
