MGNI is gaining CTV share, expanding EBITDA margins and investing in AI - while The Trade Desk faces slower Q2 growth.

The Trade Desk faces multitudinous headwinds, with Q2 guidance showing only 8% YoY revenue growth and underperformance versus digital ad peers. Concerns center on budget reallocations, agency disintermediation, and the company's vulnerability to data-rich walled gardens amid AI-driven shifts. Despite decelerating growth and risk from agency negotiations, TTD remains highly profitable with a 30% Q1 EBITDA margin and a forward multiple below 11x.

The Trade Desk's revenue growth has slowed for four quarters in a row. The company lost two CFOs in less than six months.

TTD is betting big on retail media, touting a massive retail data marketplace and Audience Unlimited tests that cut CPMs and boosted conversions.

Following the publication of my initiating coverage in early February 2026, TTD's stock price is down by another ~20%. Relative to its all-time high of $141.53 reached in December 2024, Trade Desk is now in the midst of a ~85% drawdown, by far the largest since its IPO. Trade Desk is currently trading at 9.7x the street's EPS consensus for 2027. Just 18 months ago, the same company was trading in excess of 75x forward earnings.

On May 18, 2026, The Trade Desk Inc (TTD) shares rose 5.3% to a current price of $22.27. Over the past year, the stock has seen a significant decline, with a 52

The valuation is cheaper than ever.

The CEO is confident in the company's long-term prospects.

On May 15, 2026, The Trade Desk Inc (TTD) shares rose 3.6% today, closing at $21.07. This movement comes amid a challenging performance backdrop, as the stock h

The Trade Desk (TTD 3.12%) helps advertisers optimize the return on ad spending.