TTD Chase (Patreon)

TTD was an old March 2020 fave of mine and made me a ton of money. I got out last year at $90.

Was waiting in the wings for an oppty and it came this morning and i chased and I could not catch it.  I tried at $53 and it shot up 18% in a few hours. 

Anyhow still a good play and once again I was too chinzy on limit orders plus there was no option liquidity so was diff to fill what i was looking for. 

Ah well - cant catch them all

WHY THIS WAS A CLASSIC BUY THE DIP OPPTY

• Strong Long-Term Outlook: Despite the short-term earnings miss and lower revenue projections, analysts remain optimistic about Trade Desk's long-term growth trajectory. They believe the company's core business and secular tailwinds remain strong.
• Oversold Stock Potential: Analysts suggest that the negative reaction to the earnings report may have led to the stock being oversold. This implies that the current lower stock price could represent a value buy.
• Temporary Advertising Headwinds: The company's setbacks are seen as temporary, caused by current market conditions rather than structural issues within the company. This suggests a potential rebound once these external pressures ease.
• Attractive Revised Price Targets: Despite lowering their price targets, analysts still maintain bullish ratings on the stock. These revised targets, such as $85 by Jason Helfstein of Oppenheimer and $90 by Matthew Swanson of RBC Capital Markets, indicate a significant upside from the current trading price.
• Opportunity for Reaccelerated Growth: Analysts, like Justin Patterson from KeyBanc Capital Markets, view the current setback as a temporary speed bump. They anticipate that once the transient factors affecting revenue are resolved, Trade Desk is well-positioned for renewed growth acceleration.