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Is The Trade Desk (TTD) Stock Outpacing Its Computer and Technology Peers This Year?

Zacks Equity Research
Updated
Is (TDS) Outperforming Other Utilities Stocks This Year?

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is The Trade Desk (TTD) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.

The Trade Desk is a member of the Computer and Technology sector. This group includes 627 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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 #1 (Strong Buy).

The Zacks Consensus Estimate for TTD's full-year earnings has moved 18.82% higher within the past quarter. 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 shows that The Trade Desk is outperforming its peers so far this year.

To break things down more, TTD belongs to the Internet - Services industry, a group that includes 43 individual companies and currently sits at #60 in the Zacks Industry Rank. On average, stocks in this group have gained 1.73% this year, meaning that TTD is performing better in terms of year-to-date returns.

Investors with an interest in Computer and Technology stocks should continue to track TTD. The stock will be looking to continue its solid performance.


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