1727 ET - After its 1Q revenue climbed far higher than analysts expected, The Trade Desk appears back on track to return to strong growth, Bank of America analysts said in a research note. The company's latest results are an early validator of its recent reorganization and will likely alleviate investor concerns around competitions and execution, the analysts said. The company is now set to benefit from accelerating market share gains, growth in connected TV and its new product innovations. While TTD isn't immune to macro headwinds, its 2Q outlook implies it can still deliver healthy growth in an uncertain macro, they add. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
May 09, 2025 17:27 ET (21:27 GMT)
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