In this article, we will discuss the 11 Best AdTech Stocks to Buy According to Hedge Funds.
As per Dimension Market Research, the Global AdTech market size touched US$1,066.8 billion in 2023 and should reach US$3,528.4 billion by 2032. The market is expected to compound at ~14.2% from 2024 to 2032. Some of the critical trends include a strong emphasis on privacy-centric advertising, growth fueled by AI-driven personalization, and dominance of video and mobile advertising.
Key Trends Defining the AdTech Market
Artificial Intelligence and Machine Learning continue to drive sophisticated audience segmentation and personalized ad experiences. As per Geomotiv, a software development company, these technologies can quickly analyze vast amounts of data, predict user behavior, and tailor ads in real time. Collectively, these features help to improve engagement and conversion rates. The benefits of personalization and the opportunities provided should drive the demand for these solutions and the growth of AI-oriented AdTech companies.
Market experts believe that advertisers continue to target Programmatic advertising. This space continues to expand beyond traditional digital channels. Adnimation, a software company, highlighted that CTV ad spending is expected to grow to $42.4 billion by 2027 in the US. Publishers that have video content should prioritize CTV and find for best supply-side platform (SSP) to tap into a rapidly growing market.
Advertisers have been leveraging programmatic to reach the audiences with targeted ads. Furthermore, programmatic continues to make inroads into the audio format, such as podcasts and music streaming services. Next, AdTech SaaS companies have been providing customizable solutions, which enable advertisers to tailor the tools and features as per the specific needs. The popularity of these products continues to grow among advertisers and publishers.
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Blockchain and Influencer Marketing Should Drive Growth
As per Adnimation, data-driven influencer marketing is expected to dominate the broader AdTech market. Furthermore, the publishers and their AdTech counterparts continue collaborating with micro-influencers to fuel engagement and conversions. Blockchain technology should also be key in ensuring transparency in digital ad transactions. By decentralizing ad transactions, blockchain can help reduce ad fraud, improve trust between publishers and advertisers, and enable accurate tracking of ad performance. This will result in more reliable revenue streams. Adnimation also believes that, by 2025, video is expected to dominate digital ad formats, making up 82% of all internet traffic.
Let’s now have a look at the 11 Best AdTech Stocks to Buy According to Hedge Funds
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Our Methodology
To list the 11 Best AdTech Stocks to Buy According to Hedge Funds, we scanned through online rankings and AdTech-focused ETFs. After getting the initial list of 20-25 stocks, we shortlisted the ones having high hedge fund holdings. Finally, the shortlisted stocks were arranged in ascending order of their hedge fund sentiment, as of Q3 2024.
At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
11 Best AdTech Stocks to Buy According to Hedge Funds
11) Nexxen International Ltd. (NASDAQ:NEXN)
Number of Hedge Fund Holders: 5
Nexxen International Ltd. (NASDAQ:NEXN) offers an end-to-end software platform that enables advertisers to reach publishers. A significant strategic move for Nexxen International Ltd. (NASDAQ:NEXN) was the integration of Amobee, which enhanced its programmatic demand capabilities. The successful integration enabled the company’s management to pivot focus towards offensive strategies targeted at expanding adjusted EBITDA and driving CTV growth. As per the industry experts, this integration, together with improved go-to-market strategies, should result in revenue acceleration over the upcoming months.
Next, the Nexxen International Ltd. (NASDAQ:NEXN)’s Data Platform should continue acting as a key market differentiator. It secured critical partnerships, such as collaboration with United Airlines’ commerce media network and a data licensing agreement with The Trade Desk. Analysts opine that these partnerships validate Nexxen International Ltd. (NASDAQ:NEXN)’s unique data assets, which include exclusive Automatic Content Recognition (ACR) data from VIDAA and streaming data from PeerLogix.
The company’s exclusive access to VIDAA ACR data and PeerLogix streaming data offers it a significant competitive advantage in digital advertising. These unique data assets allow Nexxen International Ltd. (NASDAQ:NEXN) to provide more targeted and effective advertising solutions, mainly in the rapidly growing CTV segment. With advertisers seeking data-driven approaches, the company’s proprietary data can fuel its long-term sustainable growth.
10) Outbrain Inc. (NASDAQ:OB)
Number of Hedge Fund Holders: 9
Outbrain Inc. (NASDAQ:OB) operates a technology platform that connects media owners and advertisers with engaged audiences in a bid to drive business outcomes.
Wall Street analysts believe that Outbrain Inc. (NASDAQ:OB)’s position as a top 3 open web advertising platform cements its competitive strength in the crowded market. Its exclusive contracts with publishers offer a defensible business model, and product catalysts like Keystone and Onyx provide strong visibility for further market penetration. The company’s focus on product innovation, mainly with offerings such as Predictive Demographics and the expansion of Onyx, should place it for potential significant growth.
Predictive Demographics might offer advertisers more precise targeting capabilities, which should increase the effectiveness of ad campaigns and the value of Outbrain Inc. (NASDAQ:OB)’s platform to advertisers. Apart from innovative product offerings, the company’s growth trajectory should be aided by the Teads acquisition, which is expected to close in Q1 2025.
This acquisition can accelerate Outbrain Inc. (NASDAQ:OB)’s relationships with agencies, offer a broader client base, and potentially increase the share of advertising budgets. Also, the integration of Teads’ high-quality brand advertisers with the company’s core recommendation product should improve the overall perception of Outbrain Inc. (NASDAQ:OB)’s offerings. The acquisition is also expected to increase Outbrain Inc. (NASDAQ:OB)’s data assets. As per Wall Street, the shares of the company have an average price target of $6.10.
9) PubMatic, Inc. (NASDAQ:PUBM)
Number of Hedge Fund Holders: 13
PubMatic, Inc. (NASDAQ:PUBM) is a digital advertising technology company, providing a cloud-based platform for real-time programmatic advertising. Its solutions are designed to help publishers in maximizing the value of their digital advertising inventory.
Since Donald Trump’s victory in the US Presidential election, the buzz is that brands that earlier paused advertising spending on X are planning to resume it. Now, the question is how increased ad spending on X will be beneficial for PubMatic, Inc. (NASDAQ:PUBM). When it comes to digital advertising, publishers look to monetize their content via selling ad slots. To put things into perspective, advertisers buy space and publishers sell it. Now, since X is planning to sell ad slots, it requires a technology partner.
This is where PubMatic, Inc. (NASDAQ:PUBM) will benefit. The company provides a supply-side platform on which advertisers can bid for space. Business Insider reported that X has just reached out to PubMatic, Inc. (NASDAQ:PUBM) to maximize its ad revenue. Industry experts believe that advertising demand is expected to pick up for X, and this should offer benefits to PubMatic.
Therefore, Supply Path Optimization (SPO) provides a significant opportunity for PubMatic, Inc. (NASDAQ:PUBM) to strengthen its market position and fuel long-term growth. With advertisers and publishers seeking efficient and transparent ways to transact, SPO initiatives continue to act as a focal point. How SPO can fuel the company’s growth trajectory?
First, increased investments can result in enhanced market share as advertisers consolidate their spending through preferred supply paths, favoring PubMatic, Inc. (NASDAQ:PUBM). Next, supply path optimization can lead to improved overall efficiency of the operations, resulting in better margins and profitability. Evercore ISI increased its price objective on the shares of PubMatic, Inc. (NASDAQ:PUBM) from $20.00 to $22.00, giving an “Outperform” rating on 13th November.
8) Magnite, Inc. (NASDAQ:MGNI)
Number of Hedge Fund Holders: 20
Magnite, Inc. (NASDAQ:MGNI) offers online advertising solutions. The company is a leading independent sell-side advertising platform that specializes in programmatic advertising throughout multiple channels. Wall Street believes that Magnite, Inc. (NASDAQ:MGNI)’s expertise lies in connected TV (CTV), which remains the fastest-growing segment of digital advertising. The optimism around the company further strengthened when it got selected as the partner to power the Netflix ad-supported tier sale. The collaboration is expected to have a substantial impact on Magnite, Inc. (NASDAQ:MGNI)’s future revenues.
BofA Securities analyst Omar Dessouky believes that the Netflix partnership should result in a $30-million revenue run rate by 2025 end. Furthermore, the analyst believes that the Netflix partnership should be able to contribute $44 million/$69 million/$199 million to Magnite, Inc. (NASDAQ:MGNI)’s revenue in 2026, 2027, and 2028. Industry experts believe that Netflix should become the company’s largest CTV customer, which should help it offset any weakness from other partnerships.
As Netflix’s ad-supported tier grows, Magnite, Inc. (NASDAQ:MGNI) is expected to see improved revenue without proportional increases in costs. This should result in higher profitability. Furthermore, the company’s growth momentum is expected to be aided by its CTV advertising segment, which should see strong ad spend growth and programmatic adoption.
Magnite, Inc. (NASDAQ:MGNI)’s partnership with Disney got a 2-year extension, which further strengthens a 6-year collaboration. As a result of this, Magnite will help in monetizing Disney’s vast ad-supported content, spanning more than 30 DSPs. Courtesy of this high-profile content, the expanded relationship gives Magnite, Inc. (NASDAQ:MGNI) a strong standing in premium advertising.
Choice Equities Capital Management, a hedge fund manager, recently released its Q3 2024 investor letter. Here is what the fund said:
“Magnite, Inc. (NASDAQ:MGNI) and CROX – Magnite, Inc. and Croc’s Inc. remain holdings in the portfolio and were recently discussed in detail on the Yet Another Value Blog podcast, which can be found here: YAVB podcast. As discussed herein, both remain well-positioned in their respective industries and represent attractive values on anticipated cash flows in years to come. Magnite, as highlighted, looks attractive on its own merits, though shares could become particularly interesting should a handful of industry anti-trust events break their way.”
7) Criteo S.A. (NASDAQ:CRTO)
Number of Hedge Fund Holders: 21
Criteo S.A. (NASDAQ:CRTO) is a global technology company that specializes in digital advertising and commerce media solutions. It supports businesses in reaching and engaging their target audiences, driving sales, and measuring the effectiveness of their campaigns.
Criteo S.A. (NASDAQ:CRTO)’s focus on becoming a comprehensive Commerce Media platform sets it apart from the broader AdTech sector. J.P. Morgan analyst Doug Anmuth believes that Criteo S.A. (NASDAQ:CRTO) continues to experience healthy growth in the Retail Media sector, with expectations that the addressable market should touch ~$50 billion by 2027. As per the analyst, the company remains focused on enhancing its offerings, which should fuel future demand and supply-side growth.
Criteo S.A. (NASDAQ:CRTO)’s strategic initiatives, which include leveraging AI throughout its ad stack and expanding inventory and client base, should drive its long-term growth. It offers solutions that unify access to ~225 retailers. This approach enables the company to complement major players such as Amazon in the retail media space. It addresses the fragmentation issue that many advertisers face when they try to reach consumers across multiple platforms.
With more and more retailers recognizing the value of monetizing digital properties, Criteo S.A. (NASDAQ:CRTO)’s solutions should see higher adoption. Also, the postponement of Google Chrome’s cookie deprecation until 2025 is expected to benefit Criteo S.A. (NASDAQ:CRTO) by providing additional time to adapt to a cookie-less advertising environment while continuing to garner revenue from the current business model.
ClearBridge Investments, an investment management company, released its Q2 2024 investor letter. Here is what the fund said:
“New positions in the quarter were from a variety of sectors. Criteo S.A. (NASDAQ:CRTO), in the communication services sector, provides digital advertising technologies that help drive clients’ e-commerce businesses. While the company was previously reliant on third-party cookies to help optimize its products, management has spent the past five years pivoting away from this technology and focusing on building a leading presence in the burgeoning retail media space. We believe this transformation has reached a tipping point, and that the inherent growth opportunities in this new end market represent a higher growth rate than is currently reflected in the company’s valuation.”
6) Perion Network Ltd. (NASDAQ:PERI)
Number of Hedge Fund Holders: 21
Perion Network Ltd. (NASDAQ:PERI) offers digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. Wall Street believes that Microsoft Bing’s pullback on Perion Network Ltd. (NASDAQ:PERI)’s business operations has impacted its revenue outlook, which has impacted its stock price. The company’s stock saw a decline of over ~60% on a YTD basis. Also, the company’s advertising segment has been exposed to broader challenges, with Perion Network Ltd. (NASDAQ:PERI) experiencing a slump in demand for both video and display advertising.
That being said, Perion Network Ltd. (NASDAQ:PERI) now targets to help CMOs (Chief Marketing Officers), the people who control ~$700 billion of digital advertising budgets. The company expects this number to reach ~$1 trillion in the next 3 years. Since these CMOs are required to provide continuous ROI on advertising budgets, Perion Network Ltd. (NASDAQ:PERI)’s AI-driven technologies should be a standout. Its AI-driven solutions focus on streamlining the fragmented advertising ecosystem, laying emphasis on connected TV, digital out-of-home, and retail media.
Perion Network Ltd. (NASDAQ:PERI) aims to maintain positive cash flow and plans to continue making investments in technology. It expects advertising revenue growth to resume in Q1 2025 with gradual improvement throughout the year. Less than a year ago, the company launched its advanced Generative AI solution for audio ads. It is now expanding into audio advertising, with partnerships including Spotify and iHeart.
5) Taboola.com Ltd. (NASDAQ:TBLA)
Number of Hedge Fund Holders: 27
Taboola.com Ltd. (NASDAQ:TBLA) operates as an advertising agency. It helps publishers, advertisers, and marketers reach their target audiences by recommending personalized content, products, or advertisements to users. Taboola.com Ltd. (NASDAQ:TBLA)’s upward trajectory is expected to be aided by leveraging AI technology, expanding its advertiser base, and capitalizing on strategic partnerships and initiatives. The company’s strategic partnerships, such as a 30-year deal with Yahoo, expand its reach and further cement its market position.
Wall Street analysts believe that the partnerships should unlock a potential $1 billion in annual revenue and bring in high-value advertisers. The company also entered into an exclusive agreement with Apple which focuses on integrating native advertising in Apple News and Stocks apps. This further solidifies its position. Taboola.com Ltd. (NASDAQ:TBLA)’s strong emphasis on delivering value to advertisers, with the help of its innovative product offerings and expanding reach, should act as a tailwind.
Taboola.com Ltd. (NASDAQ:TBLA) continues to make investments in AI technologies such as Abby and Max Conversions, which should drive advertiser success and yield growth over the upcoming quarters. The company highlighted that ~91% of advertisers are already using or considering implementing Generative AI technology. Advertiser adoption for GenAI increased significantly due to their focus on improving efficiency and driving more sales.
4) DoubleVerify Holdings, Inc. (NYSE:DV)
Number of Hedge Fund Holders: 33
DoubleVerify Holdings, Inc. (NYSE:DV) offers a software platform for digital media measurement and data analytics. The company focuses on ensuring the effectiveness, quality, and security of digital ad campaigns throughout multiple platforms.
Given its strong foothold in the industry, DoubleVerify Holdings, Inc. (NYSE:DV) has achieved a duopoly status. The company continues to focus on product innovation rather than sales expansion which has placed it favorably in a consolidating market. Wall Street believes that DoubleVerify Holdings, Inc. (NYSE:DV)’s growth momentum should be fueled by its partnership with Meta Platforms, Inc. (NASDAQ:META). The anticipated launch of prebid tools on Meta’s platform in early 2025 should unlock additional social revenue opportunities.
The partnership with Meta provides DoubleVerify Holdings, Inc. (NYSE:DV) access to Meta’s vast user base throughout a family of apps, such as Facebook, Instagram, and WhatsApp. This will allow the company to provide its measurement and verification services to a broader range of advertisers.
The company has also introduced the Inflammatory Politics and News category on Meta, which focuses on protecting advertisers from aligning with controversial content. This new feature is aided by DoubleVerify Holdings, Inc. (NYSE:DV)’s Universal Content Intelligence, an AI-powered engine ensuring precise content categorization throughout the platform. The company’s duopoly status was further strengthened by industry consolidation, such as Oracle’s exit from the ads business. This provides new client acquisition opportunities.
DoubleVerify Holdings, Inc. (NYSE:DV) demonstrated its competitive strength via high win rates in RFP processes, mainly in acquiring former Moat clients. The London Company, an investment management company, released a second-quarter 2024 investor letter. Here is what the fund said:
“Initiated: DoubleVerify Holdings, Inc. (NYSE:DV) – DV develops software platforms for digital media measurement, data, and analytics. DV sells a critical insurance-like product known as “ad verification,” designed to create transparency, eliminate fraud, and drive ad-spending optimization. Ad verification has reached a point of mass acceptance among digital ad buyers due to its measurable low cost/high reward value proposition. DV operates in a duopoly where it commands the leading market position (>50% market share), by focusing on product innovation rather than sales expansion. DV’s business should continue to benefit from secular tailwinds in digital advertising. Incremental revenue growth should be accretive to returns on capital, given the its high cash margins and minimal capex needs. We initiated our position following a pullback, allowing us to purchase an advantaged company growing at a double- digit rate, with high margins, at a market multiple.”
3) ZoomInfo Technologies Inc. (NASDAQ:ZI)
Number of Hedge Fund Holders: 37
ZoomInfo Technologies Inc. (NASDAQ:ZI) offers a go-to-market intelligence and engagement platform for sales and marketing teams. ZoomInfo rolled out its new AI-powered platform, ZoomInfo Copilot, which aims to offer more advanced and automated solutions for sales and marketing professionals.
ZoomInfo Technologies Inc. (NASDAQ:ZI)’s introduction of its AI-powered platform, ZoomInfo Copilot, demonstrates its strategic move to stay at the forefront of technological innovation in the B2B data and analytics space. With businesses seeking AI-driven solutions to enhance sales and marketing efforts, its investment in this area might place the company for future growth.
ZoomInfo Technologies Inc. (NASDAQ:ZI)’s early mover advantage in integrating AI into its core platform should create a competitive moat. Copilot surpassed $60 million of ACV (annual contract value) in the quarter, exceeding its expectations. Copilot’s adoption stems from the measurable return on investment it offers. ZoomInfo Technologies Inc. (NASDAQ:ZI)’s customers reported that 25% of their total pipeline is directly attributed to opportunities identified by Copilot. Also, there has been a 58% increase in prospect engagement rates and a 62% improvement in email response rates.
ZoomInfo Technologies Inc. (NASDAQ:ZI) has been experiencing double-digit growth in customer migrations to the Copilot tool. Wall Street expects increased adoption of ZoomInfo Copilot over the upcoming quarters due to features such as strategic account prioritization, expanded integrations (e.g., with HubSpot and Microsoft Dynamics 365), and actionable sales insights.
Baron Funds, an investment management firm, released its Q4 2023 investor letter. Here is what the fund said:
“We were too slow to sell when the probability of a likely thesis change dictated action over inaction. Each investment is like a puzzle. Different pieces are missing in different puzzles. Our process is deliberately slow and is built on collecting and analyzing as much information as possible and building conviction over time. In a highly stressful environment with a wide range of outcomes, a recognized lack of balance with emotions running high, postponing “bad decisions” is often the correct course of action except, when there is evidence of a potential or likely thesis change on the negative side in a bear market. We were often too slow and too timid in running for the exit. For example, when a company’s revenues prove to be less sticky during times of stress despite high average retention rates. ZoomInfo Technologies Inc. (NASDAQ:ZI), the business-to-business (B2B) sales data and software provider readily comes to mind, where we made a mistake selling the stock too slowly, as we did not fully appreciate the extent to which the company oversold unused licenses to its customers, which exacerbated the slowing demand environment, creating a whiplash effect as the license inventory was used up later on, causing revenue growth to decelerate materially.”
2) Roku, Inc. (NASDAQ:ROKU)
Number of Hedge Fund Holders: 40
Roku, Inc. (NASDAQ:ROKU) mainly operates as a television streaming platform. Apart from connecting consumers to streamlining content, the company also allows advertisers to engage customers and content publishers to build and monetize large audiences.
The shares of Roku, Inc. (NASDAQ:ROKU) saw the impact of the media report stating that the digital advertising firm, The Trade Desk, Inc. (NASDAQ:TTD), plans to launch a connected TV operating system by H2 2025. The system, Ventura, will enter a domain that is currently being led by platforms such as Roku, Inc. (NASDAQ:ROKU), Amazon Fire TV, and Google TV. Therefore, market fears emerged that Ventura might impact the dominance of Roku and other players by providing manufacturers and advertisers a neutral alternative to current existing systems.
However, market players believe that the tides are now turning, and Roku, Inc. (NASDAQ:ROKU) is well-placed to revive over the upcoming quarters. First off, the current Q4 is expected to benefit the company from generous political ad spending. Also, the fresh ad-buying partnership with The Trade Desk, Inc. (NASDAQ:TTD) and marketing push for Roku’s own products and services should drive growth for Roku, Inc. (NASDAQ:ROKU).
The collaboration with The Trade Desk, Inc. (NASDAQ:TTD) to enhance the TV streaming advertising experience focuses on providing advertisers with improved tools for planning, purchasing, and measuring ad campaigns. This partnership will leverage Roku’s data capabilities, such as automatic content recognition.
O’keefe Stevens Advisory, an investment advisory firm, released its Q1 2024 investor letter. Here is what the fund said:
“Roku, Inc. (NASDAQ:ROKU) – An idea that would have seemed unthinkable just a few years back when low P/E or low multiple meant the stock was cheap. Roku is free-cash-flow positive, EBITDA breakeven, and GAAP Net Income unprofitable. Historically, investors tend to shy away from unprofitable businesses. Deeming them too risky. Roku has a $2B net cash position and is reinvesting in the business, grabbing Connected TV market share. Geographic expansion takes time and capital. They have a dominant share and have many tailwinds. Walmart’s acquisition of Vizio adds to the already heightened uncertainty. We can’t remember seeing a company with such “negative” sell-side coverage. 9 buys, 10 holds, and 4 sells. Nearly all reports discuss weighting for clarity, which is why the opportunity exists. Wells Fargo has the lowest price target at $45, or 26% downside. We see a reasonable case for a $100 stock in the near term and long term, owning a compounder with an attractive business model, secular tailwinds, and dominant market share that can translate into a desirable return over the next several years.”
1) The Trade Desk, Inc. (NASDAQ:TTD)
Number of Hedge Fund Holders: 42
The Trade Desk, Inc. (NASDAQ:TTD) caters to the buy side of the digital advertising market. Its self-service platform enables ad buyers to create and manage digital advertising campaigns throughout all major channels.
The Trade Desk, Inc. (NASDAQ:TTD) continues to benefit from its exposure to the fast-growing digital advertising industry. Apart from the sectoral tailwind, the company has innovated itself through tools such as cookie-less tracking solution, Unified ID 2.0, and Kokai (AI-driven media-buying platform). The Trade Desk, Inc. (NASDAQ:TTD) has also entered into new digital media channels such as connected TV (CTV), or ad-driven streaming.
As per industry experts, Connected TV (CTV), a category including devices like Roku and Xbox, should act as one of The Trade Desk, Inc. (NASDAQ:TTD)’s biggest long-term opportunities as ad-based streaming services increase. The company’s software powers CTV advertising in more than 90 million US households (as of Q3 2024), and CTV is expected to be the fastest-growing part of its business. In Q3 2024, the company saw its revenue increase by 27% YoY to $628 million. This was largely driven by its CTV advertising growth.
The Trade Desk, Inc. (NASDAQ:TTD)’s strategic partnerships with some of the major streaming platforms should fuel growth in CTV advertising over the next quarter and in 2025. These alliances, such as with Disney, Netflix, and Spotify, offer the company privileged access to premium inventory and vast audiences. This should place The Trade Desk, Inc. (NASDAQ:TTD) at the forefront of the rapidly expanding CTV market.
With more and more viewers shifting from traditional linear TV to streaming services, advertisers are expected to follow suit. This should result in reallocating budgets to where audiences are most engaged. Rowan Street Capital, an investment management company, released a Q2 2024 investor letter. Here is what the fund said:
“We have owned The Trade Desk, Inc. (NASDAQ:TTD) for a little over 4 years now, opportunistically establishing a position in March of 2020 at a cost basis of $17.40 (split-adjusted). Since then, TTD has appreciated nearly sixfold, delivering an annualized return of approximately 55%. These are indeed remarkable results, but it’s important to recognize that this journey has been far from a smooth ride—much like many of our other investments. Since its public debut in 2017, the stock has experienced several significant drawdowns, with the most notable occurring in 2022 when it declined by over 60% (see below).
As we have previously discussed in relation to our investments in Meta and Spotify, one would have to be comfortable with sitting through these dramatic drawdowns and keeping their emotions in check in order to realize the long-term rewards of compounding that this company had delivered…” (Click here to read the full text)
While we acknowledge the potential of TTD as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a deeply undervalued AI stock that is more promising than TTD but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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