The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. The Trade Desk (TTD - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of TTD and the rest of the Computer and Technology group's stocks.
The Trade Desk is a member of the Computer and Technology sector. This group includes 625 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. TTD is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TTD's full-year earnings has moved 1.65% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, TTD has moved about 207.85% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 13.40%. This means that The Trade Desk is performing better than its sector in terms of year-to-date returns.
Breaking things down more, TTD is a member of the Internet - Services industry, which includes 43 individual companies and currently sits at #108 in the Zacks Industry Rank. Stocks in this group have lost about 3.71% so far this year, so TTD is performing better this group in terms of year-to-date returns.
TTD will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. The Trade Desk (TTD - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of TTD and the rest of the Computer and Technology group's stocks.
The Trade Desk is a member of the Computer and Technology sector. This group includes 625 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. TTD is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TTD's full-year earnings has moved 1.65% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, TTD has moved about 207.85% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 13.40%. This means that The Trade Desk is performing better than its sector in terms of year-to-date returns.
Breaking things down more, TTD is a member of the Internet - Services industry, which includes 43 individual companies and currently sits at #108 in the Zacks Industry Rank. Stocks in this group have lost about 3.71% so far this year, so TTD is performing better this group in terms of year-to-date returns.
TTD will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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