The Nasdaq Composite fell into market correction territory earlier this year but has historically bounced back, showing an average return of 21% over the 12 months following corrections since 2010. Over the past four decades, the index has returned 11% annually.
Investors are being advised to consider The Trade Desk (NASDAQ: TTD) as it is projected to experience a 23% upside from the current price of $68, with a median target price of $84 per share. The company reported a 25% increase in sales and a 27% increase in non-GAAP earnings in Q1, capitalizing on the growth in adtech spending, expected to rise 14.4% annually through 2030.
Frost & Sullivan recognized The Trade Desk as the most technologically advanced demand-side platform, and its recent Kokai platform launch features AI capabilities to enhance advertising strategies. Analysts believe its independent model positions it favorably amidst growing competition, particularly from companies like Amazon.
