《Is This a 90% Discount or a Ticking Time Bomb?》
TTD被低估（公允价值31美元，当前15美元），值得买入评级，但由于竞争威胁和增长放缓，信心降至中等。
The Trade Desk 宣布上个季度营收仅增长 3%，达到 7.15 亿美元。与该公司多年来实现两位数营收增长的历史相比，这是一个显著的放缓。
The Trade Desk announced revenue growth of only 3% in the last quarter, reaching $715 million. This was a significant slowdown compared to the company's multi-year history of achieving double-digit revenue growth.
此外，管理层预计情况会恶化，预测第三季度营收仅能达到 6.5 亿美元。更糟糕的是，管理团队表示，他们对未来几个季度的销售前景失去了清晰的展望，因为在我看来，客户似乎不愿与 The Trade Desk 签订协议。
Furthermore, management expects the situation to worsen, forecasting that revenues in the third quarter will only reach $650 million . To make matters worse, the management team stated that it is losing a clear vision of future sales in the coming quarters, as it seems to me that customers are hesitant to enter into agreements with "The Trade Desk".