Will The Trade Desk Be a Trillion-Dollar Stock by 2040?
The Trade Desk (NASDAQ: TTD) has generated dizzying returns since its IPO in 2016. From 2016 to 2022, its annual revenue grew at a compound annual growth rate (CAGR) of 41%, while its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased at a CAGR of 47%. Investors were also impressed by its ability to carve out a niche between Alphabet's Google and Meta Platforms in the saturated digital advertising market.