TTD → $30.00 by Sep 1, 2026.

Trade Desk runs the largest independent demand-side platform for programmatic advertising. When a brand wants to buy digital ads across streaming TV, podcasts, display, or basically any screen that isn't Google or Meta, they often run it through TTD. The "independent" part matters because they don't own media inventory, which means they have no conflict of interest with their clients. ROIC: 54.7% (5yr avg: 8.1% - Insane leap) Gross margin: 77.8% FCF margin: 27.9% Revenue CAGR 5yr: 42.6% P/E: 22.9x …