The Trade Desk’s Upcoming Q3 Earnings Preview
<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/TTD'>The Trade Desk, Inc. (NASDAQ:TTD)</a> ahead of the upcoming Q3 results, expecting the company to deliver a solid result despite the challenging macro, with consensus revenue/adjusted EBITDA at $386 million/$141 million, which implies year-over-year revenue growth of 28%.</p>
<p>Year-to-date, the company has continued to be the exception to the rule proving macro resilient, benefiting from format diversity and approximately 90% domestic concentration. </p>
<p>The analysts expect relative outperformance to continue but have lowered their estimates to reflect the more challenging macro. The analysts reiterated their outperform rating and $80 price target on the company’s shares.</p>

NASDAQ:TTD