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Is The Trade Desk (TTD) Stock Outpacing Its Computer and Technology Peers This Year?
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Investors focused on the Computer and Technology space have likely heard of The Trade Desk (TTD - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
The Trade Desk is one of 627 companies in the Computer and Technology group. The Computer and Technology group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. TTD is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for TTD's full-year earnings has moved 1.65% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, TTD has returned 190.84% so far this year. At the same time, Computer and Technology stocks have gained an average of 10.40%. This means that The Trade Desk is performing better than its sector in terms of year-to-date returns.
To break things down more, TTD belongs to the Internet - Services industry, a group that includes 43 individual companies and currently sits at #173 in the Zacks Industry Rank. On average, stocks in this group have lost 1.73% this year, meaning that TTD is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track TTD. The stock will be looking to continue its solid performance.
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Is The Trade Desk (TTD) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of The Trade Desk (TTD - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
The Trade Desk is one of 627 companies in the Computer and Technology group. The Computer and Technology group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. TTD is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for TTD's full-year earnings has moved 1.65% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, TTD has returned 190.84% so far this year. At the same time, Computer and Technology stocks have gained an average of 10.40%. This means that The Trade Desk is performing better than its sector in terms of year-to-date returns.
To break things down more, TTD belongs to the Internet - Services industry, a group that includes 43 individual companies and currently sits at #173 in the Zacks Industry Rank. On average, stocks in this group have lost 1.73% this year, meaning that TTD is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track TTD. The stock will be looking to continue its solid performance.