The Trade Desk, Inc. (NASDAQ:TTD) is one of the stocks Jim Cramer shared insights on. During the episode, a caller asked if the stock is a buy at its current valuation, and Cramer replied:
“Look, it’s down 55%. I like Jeff, but they’ve got Amazon as a competitor. And you know, Amazon is one of my absolute favorite companies, and I don’t want to go against Amazon. Can you make some money? Yeah, but there are other ways to make money that are easier and better.”
Photo by jason briscoe on Unsplash
The Trade Desk, Inc. (NASDAQ:TTD) provides a cloud-based platform that enables clients to plan, manage, and measure digital advertising campaigns across formats such as video, display, audio, and social. When a caller asked about the stock in a May episode, Cramer replied:
“You made the right move. Now let me tell you something. They had a self-inflicted issue. In other words, they had a problem, they made a mistake… It was like they were doing a new software that didn’t work initially, and the stock just got crushed. It went all the way down from like $120, down to $60. But I will tell you, it actually went down to $42 at one point in April, that I think all the problems are fixed, and all the things you said that are good, they’re happening. I like your call, I think you’re right. I would actually buy more.”
While we acknowledge the potential of TTD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.