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The Trade Desk Inc. (TTD) will join the S&P 500 on July 18, 2025, replacing ANSYS Inc. (ANSS), which is being acquired by Synopsys Inc. (SNPS) a day prior. TTD shares surged 6.6% on July 15 to close at $80.40. Joining the S&P 500 is expected to enhance TTD’s visibility and trading volumes.
TTD, a leader in demand-side advertising technology, is projected to achieve at least $682 million in revenue for the second quarter, reflecting a 17% year-over-year growth, not accounting for last year’s political ad spend boost. Its adjusted EBITDA is anticipated to be around $259 million. The global digital ad spending market is estimated to reach $1,483 billion by 2034, indicating significant growth opportunities for TTD in the evolving media landscape focused on streaming and privacy.
In the past three months, TTD’s shares have increased by 59.9%, outperforming the S&P 500’s growth of 18.2%. TTD currently trades at a forward P/S ratio of 12.57X, significantly higher than the industry average of 5.44X.
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