Earlier this year, the Nasdaq Composite (^IXIC 0.13%) dropped into market correction territory as investors reacted to the prospect of sweeping tariffs. However, the index has historically rebounded sharply following those incidences, producing an average 12-month return of 21% following corrections since 2010.
More broadly, the Nasdaq Composite has returned 11% annually over the last four decades. That suggests the index is headed much higher in the future.
Buying stock in The Trade Desk (TTD 1.45%) is a smart way for patient investors to lean into that possibility. Wall Street’s median target price of $84 per share implies 23% upside from the current share price of $68.
Here are the important details.
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The investment thesis for The Trade Desk
The Trade Desk is an adtech company that operates the largest independent demand-side platform (DSP), software that helps…
