Should you buy The Trade Desk stock? (November 2023)

I've started something new: https://www.3minutebreakdowns.com The Trade Desk stock analysis. Ticker: TTD Trade Desk is a technology company that allows customers to purchase advertisements across the web. Over the past 7 years, the company has been an incredible performer. Revenue has increased from 45 million in 2014 to 1.8 billion over the last 12 months and the stock has gained over 3000 percent. However, shares are currently down 45% from their all-time high. So is now a good time to buy the dip? At the latest share price, the Trade Desk has a market cap of 34 billion dollars. With 1.5 billion of cash and investments the enterprise value is 32.4 billion. Net income over the last 12 months is 611 million and free cash flow is 602 million. However, those figures are adjusted for almost 500 million of stock based compensation. Add that back and net income is actually 153 million giving the stock a PE ratio over 200. That may be expensive but this is an extremely healthy business. Revenue growth is currently tracking at 24% and adjusted earnings should double this year. #ttdstock #thetradedesk #investing #stockstowatch