Apr 09, 2026, 5:19 PM ETThe Trade Desk, Inc. (TTD) StockGary Alexander33.56K FollowersCommentsI'm upgrading The Trade Desk to a "Strong Buy" rating, with my high conviction driven by a deep valuation discount amid market overreaction.TTD trades at 7.1x EV/FY26 adjusted EBITDA and 9.7x FY26 P/E, which is more than adequate compensation for additional operating risks.Despite competitive pressures and margin compression, TTD remains debt-free with $1.3 billion in cash and is expected to deliver 13% revenue growth in FY26.Current multiples and cash flow profile could attract acquirers, while ongoing profitability supports a turnaround thesis for patient investors.Getty ImagesThere's no doubt that 2026 has introduced substantial volatility into both the stock market and the "real economy." Overall, companies are watching a trend of potentially weaker consumer spending, which has resulted in many brands pulling back on advertising spend.This article was written byGary Alexander33.56K FollowersWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has been quoted in many web publications and his articles are syndicated to company pages in popular trading apps like Robinhood.Analyst’s Disclosure: I/we have a beneficial long position in the shares of TTD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Comments