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Trade Desk Stock Is Surging on Earnings. There Are ‘Significant Opportunities.’ - Barron's

1. TTD shares surged 18.6% following strong first-quarter earnings. 2. Adjusted EPS of 33 cents surpassed estimates of 25 cents. 3. Revenue reached $616 million, exceeding forecasts of $575 million. 4. Morgan Stanley and KeyBanc raised TTD's price target to $80. 5. Kokai adoption is improving, with two-thirds of clients onboarded.

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FAQ

Why Bullish?

Strong earnings surpassed expectations, signaling potential growth in TTD's market position. Historical performance shows rapid recovery post-earnings, especially after Q1 2023.

How important is it?

Article reflects TTD's turnaround and growth potential, indicating substantial investor interest.

Why Short Term?

Positive sentiment from strong earnings and guidance could drive immediate stock momentum. However, competitive pressures may temper long-term gains.

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