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Has The Trade Desk (TTD) Outpaced Other Computer and Technology Stocks This Year?

Zacks Equity Research
Updated
Comtech Telecommunications (CMTL) closed the most recent trading day at $26.47, moving +1.26% from the previous trading session.

Investors focused on the Computer and Technology space have likely heard of The Trade Desk (TTD), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.

The Trade Desk is one of 627 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. TTD is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for TTD's full-year earnings has moved 18.82% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

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Our latest available data shows that TTD has returned about 108.14% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 10.33% on average. This means that The Trade Desk is performing better than its sector in terms of year-to-date returns.

Looking more specifically, TTD belongs to the Internet - Services industry, a group that includes 43 individual stocks and currently sits at #60 in the Zacks Industry Rank. On average, this group has gained an average of 1.73% so far this year, meaning that TTD is performing better in terms of year-to-date returns.

Investors in the Computer and Technology sector will want to keep a close eye on TTD as it attempts to continue its solid performance.


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