We recently published a list of
These 10 Stocks Moved the Market This Week, Here’s Why
. In this article, we are going to take a look at where The Trade Desk, Inc. (NASDAQ:TTD) stands against other stocks that moved the market this week.
The stock market moved slightly downwards compared to the previous week as wary investors adjusted their investment strategies in anticipation of crucial talks between the United States and China regarding trade policies, which have been harming global economies for several months now.
On a week-on-week basis, the Dow Jones was down by 0.16 percent, the S&P 500 dropped 0.47 percent, while the Nasdaq dipped by 0.27 percent.
Beyond the major indices, 10 companies bucked a wider market decline, with gains skyrocketing in just a week’s trading.
For compiling this list, we took into account solely those stocks which have a market capitalization of at least $2 billion and a daily trading volume of $5 million.
The stocks were chosen based on the highest percentage increase in closing prices on May 9 as against their prices a week earlier, or on May 2.
A large array of computer screens and tech equipment representing the technology company’s self-service cloud-based platform.
The Trade Desk, Inc. (NASDAQ:TTD)
The Trade Desk, Inc. (NASDAQ:TTD) jumped by 31.34 percent week-on-week to end Friday’s trading at $71.04 versus the $54.09 a week earlier, following an impressive income performance that boosted analysts’ ratings for its stock.
According to The Trade Desk, Inc. (NASDAQ:TTD), net income jumped by 59 percent to $51 million from $32 million in the same period last year, as revenues grew by 25 percent to $616 million from $491 million year-on-year.
Furthermore, it maintained a high customer retention rate of more than 95 percent throughout the duration.
In the second quarter of this year, the firm aims to record revenues of at least $682 million and an adjusted EBITDA around $259 million.
After the outcomes were released, three investment companies provided their stock evaluations and price forecasts for The Trade Desk, Inc. (NASDAQ: TTD).
Both UBS and Stifel kept their “buy” ratings on the company’s shares, setting target prices at $80 and $87 correspondingly.
In the meantime, Benchmark maintained their “hold” suggestion and kept a wary outlook, noting that the anticipated growth for 2025 isn’t assured.
Overall, TTD
ranks 5th
On our roster of stocks influencing the market this week, although we recognize the appeal of investing in TTD, we’re convinced that AI stocks present a stronger case for achieving substantial gains more swiftly. Notably, one AI stock has seen growth since the start of 2025, even though many well-known AI equities have dipped roughly 25% during the same period. Should you seek an alternative AI stock offering better prospects compared to TTD with a price-to-earnings ratio under five, consider reviewing our detailed analysis available in our latest report.
cheapest AI stock
.
READ NEXT:
20 Top AI Stocks You Should Consider Purchasing Today
and
30 Top Stocks to Purchase Currently as Recommended by Billionaires
.
Disclosure: None. This piece was initially published at
Insider Monkey
.
