The Trade Desk Stock News

The Trade Desk (TTD -0.97%) is a digital advertising company that is already up significantly in 2024.

Advertising is an age-old industry that is growing at a brisk pace to this day. GroupM, a market intelligence firm, projects global ad revenues will rise by nearly 10% in 2024.

The Trade Desk (TTD -0.75%) is launching a TV operating system to compete with Roku (ROKU 0.14%) in 2025.

This has been a tremendous year for The Trade Desk (TTD -5.25%) as the stock returned 77% year to date, continuing its market-beating performance since 2023.

A merger between streaming technology and connected TV (CTV) leader Roku Inc. NASDAQ: ROKU and adtech leader The Trade Desk Inc. NASDAQ: TTD was suggested by a Guggenheim analyst, causing both stocks to rise. Roku shares rose over 20% following the suggestion on Dec. 2, 2024, while The Trade Desk shares rose 10%.

Now that The Trade Desk (TTD -1.15%) has traded for more than eight years now, investors can now take stock of its historical returns. Its demand-side platform has helped companies and agencies manage digital ad campaigns, strategically placing ads where they can yield the most value.

The Trade Desk (TTD 0.25%) is challenging Roku (ROKU 9.58%) and its TV operating system.

The maximum loss would occur if Trade Desk stock closes below 125 on Jan. 17. The post Trade Desk Stock Breaks Out To New Highs; This Bullish Spread Trade Earns $105 Immediately appeared first on Investor's Business Daily.