<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/20251107_093317_tqelB.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1152" height="720" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/20251107_093317_tqelB.png"/></p>
<p>Trade Desk 的股价在 2025 年暴跌 68%，成为标准普尔 500 指数中表现最差的股票。这次崩盘导致其市值急剧下降，从 1 月份的 700 亿美元降至今天的 190 亿美元。那么，这家广告巨头为何会崩盘呢？</p>
<h2>Trade Desk 股价崩盘的原因</h2>
<p>Trade Desk 是一家广告行业的公司，提供程序化媒体购买平台，使广告主、代理商和品牌能够购买和管理广告活动。这些实体可以利用其平台在流媒体电视、在线视频和广播等媒体上购买广告。</p>
<p>Trade Desk 的业务表现良好，得益于对其解决方案日益增长的需求。数据显示，其年收入从去年的 19.45 亿美元跃升至 2024 年的超过 24 亿美元。其收入一直在增长，十年前的收入为 1.14 亿美元。</p>
<p>最重要的是，该公司在过去几年中盈利能力极强。其净收入在第三季度从去年的 2 亿美元上升至 2.21 亿美元。</p>
<p>因此，Trade Desk 的股价崩盘是因为投资者对其收入增长感到担忧。实际上，在今年发布财报后，它经历了两次重大下跌。例如，TTD 在 2 月份发布业绩时，股价从 121 美元跌至 85 美元，单日跌幅显著。</p>
<p>在 5 月份发布财报后，股价从 59.6 美元跃升至 75 美元的高点。最后，在发布财报后，股价在单日内从 88 美元暴跌至 56 美元。</p>
<p>TTD 的股价也遭遇了严峻的逆转，因为投资者开始获利了结，毕竟它是去年标准普尔 500 指数中的顶级赢家。此外，随着空头头寸飙升至 10%，它也遭到了空头的攻击。</p>
<p>阅读更多：Trade Desk 在纳入标准普尔 500 后大幅下跌：你该如何处理这只股票？</p>
<h2>TTD 是值得购买的好股票吗？</h2>
<p>华尔街分析师对 Trade Desk 的股票持高度看涨态度，平均目标价为 61 美元，高于当前的 38.33 美元。一些潜在的催化剂可能会在未来一年内触发反弹。</p>
<p>首先，分析师对公司未来一年的盈利增长持乐观态度。平均估计是，收入将从去年同期的 7.41 亿美元跃升至 8.4 亿美元。这一收入将使年收入达到 29 亿美元，比 2024 年增长 18%。</p>
<p>预计 Trade Desk 的收入将达到 33.35 亿美元，同比增长 16%。其每股收益预计将从今年的 1.78 美元上升至明年的 2.08 美元。</p>
<p>其次，有迹象表明该公司已成为一个便宜的选择，其前瞻性市盈率（P/E）为 21，远低于五年平均的 69%。40 法则指标显示，该公司接近关键水平 40。</p>
<h2>Trade Desk 股价分析</h2>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/The-Trade-Desk-stock-1024x579.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1024" height="579" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/The-Trade-Desk-stock-1024x579.png"/></p>
<p>TTD 股票图表 | 来源：TradingView</p>
<p>周线图显示，TTD 股价从年初的高点 141 美元暴跌至当前的 38.31 美元。它最近跌破了重要支撑位 38.7 美元，这是 2022 年 7 月的最低点。</p>
<p>该股已跌破 50 周和 100 周的指数移动平均线（EMA）。积极的一面是，它形成了一个巨大的双底形态，其颈线位于 141 美元。</p>
<p>因此，可以为该股提出反向投资的理由。如果发生这种情况，股价可能会反弹并触及 50 美元的心理关口，因为投资者会趁机买入。</p>
<p>阅读更多：Trade Desk 股价崩盘风险加大，死亡交叉即将来临</p>
<p>文章《Trade Desk 股价在 2025 年下跌 68%：为何成为标准普尔 500 的最大滞后者？》首发于 Invezz</p>

<p>Trade Desk 的股票在 2025 年暴跌 68%，成为标准普尔 500 指数中表现最差的股票，市值从 700 亿美元降至 190 亿美元。尽管收入增长强劲且盈利能力良好，但投资者对收入增长的担忧导致在财报发布后股价大幅下跌。分析师们依然看好，目标价为 61 美元，指出潜在的盈利增长和有利的市盈率。该股票形成了双底形态，暗示投资者考虑逢低买入，可能反弹至 50 美元</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/20251107_093317_tqelB.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/11/20251107_093317_tqelB.png"/></p>
<p>The Trade Desk stock price crashed by 68% in 2025, making it the worst performer in the S&amp;P 500 Index. Its crash led to a sharp decline in its market cap, which moved from $70 billion in January to $19 billion today. So, why did this advertising giant crash?</p>
<div class="lb-trans"><p>Trade Desk 的股价在 2025 年暴跌 68%，成为标准普尔 500 指数中表现最差的股票。这次崩盘导致其市值急剧下降，从 1 月份的 700 亿美元降至今天的 190 亿美元。那么，这家广告巨头为何会崩盘呢？</p>
</div><h2>Why The Trade Desk stock crashed</h2>
<div class="lb-trans"><h2>Trade Desk 股价崩盘的原因</h2>
</div><p>The Trade Desk is a to company in the advertising industry, where it provides a programmatic media-buying platform, enabling advertisers, agencies, and brands to purchase and manage ad campaigns. These entities can use its platform to buy ads across media entities like streaming TV, online video, and radio.</p>
<div class="lb-trans"><p>Trade Desk 是一家广告行业的公司，提供程序化媒体购买平台，使广告主、代理商和品牌能够购买和管理广告活动。这些实体可以利用其平台在流媒体电视、在线视频和广播等媒体上购买广告。</p>
</div><p>The Trade Desk’s business has been doing well, helped by the rising demand for its solutions. Data shows that its annual revenue jumped to over $2.4 billion in 2024 from $1.945 billion a year earlier. Its revenue has been growing, with the revenue moving from $114 million a decade ago.</p>
<div class="lb-trans"><p>Trade Desk 的业务表现良好，得益于对其解决方案日益增长的需求。数据显示，其年收入从去年的 19.45 亿美元跃升至 2024 年的超过 24 亿美元。其收入一直在增长，十年前的收入为 1.14 亿美元。</p>
</div><p>Most importantly, the company has been highly profitable in the past few years. Its net income rose to $221 million in the third quarter from $200 million in the same period last year.</p>
<div class="lb-trans"><p>最重要的是，该公司在过去几年中盈利能力极强。其净收入在第三季度从去年的 2 亿美元上升至 2.21 亿美元。</p>
</div><p>Therefore, the Trade Desk stock price crashed as investors remained concerned about its revenue growth. Indeed, it made two major down gaps after publishing its earnings this year. For example, TTD dropped from $121 to $85 in a single day in February when it released its results.</p>
<div class="lb-trans"><p>因此，Trade Desk 的股价崩盘是因为投资者对其收入增长感到担忧。实际上，在今年发布财报后，它经历了两次重大下跌。例如，TTD 在 2 月份发布业绩时，股价从 121 美元跌至 85 美元，单日跌幅显著。</p>
</div><p>The stock then jumped from $59.6 to a high of $75 after releasing its earnings in May. Finally, it plunged from $88 to $56 in a single day after releasing the earnings.</p>
<div class="lb-trans"><p>在 5 月份发布财报后，股价从 59.6 美元跃升至 75 美元的高点。最后，在发布财报后，股价在单日内从 88 美元暴跌至 56 美元。</p>
</div><p>TTD stock also suffered a harsh reversal as investors booked profits, as it was one of the top gainers in the S&amp;P 500 Index in the previous year. Also, it came under short-seller attack as the short interest soared to 10%.</p>
<div class="lb-trans"><p>TTD 的股价也遭遇了严峻的逆转，因为投资者开始获利了结，毕竟它是去年标准普尔 500 指数中的顶级赢家。此外，随着空头头寸飙升至 10%，它也遭到了空头的攻击。</p>
</div><p>READ MORE: Trade Desk has fallen steeply after S&amp;P 500 inclusion: what should you do with the stock?</p>
<div class="lb-trans"><p>阅读更多：Trade Desk 在纳入标准普尔 500 后大幅下跌：你该如何处理这只股票？</p>
</div><h2>Is TTD a good stock to buy?</h2>
<div class="lb-trans"><h2>TTD 是值得购买的好股票吗？</h2>
</div><p>Wall Street analysts are highly bullish on the Trade Desk stock, with the average target being $61, higher than the current $38.33. Some potential catalysts may trigger a rebound in the coming year.</p>
<div class="lb-trans"><p>华尔街分析师对 Trade Desk 的股票持高度看涨态度，平均目标价为 61 美元，高于当前的 38.33 美元。一些潜在的催化剂可能会在未来一年内触发反弹。</p>
</div><p>First, analysts are upbeat about the company’s earnings growth in the coming year. The average estimate is that the revenue will jump to $840 million from the $741 million in the same period last year. This revenue will bring the annual revenue to $2.90 billion, up by 18% from 2024.</p>
<div class="lb-trans"><p>首先，分析师对公司未来一年的盈利增长持乐观态度。平均估计是，收入将从去年同期的 7.41 亿美元跃升至 8.4 亿美元。这一收入将使年收入达到 29 亿美元，比 2024 年增长 18%。</p>
</div><p>The Trade Desk is expected to make $3.335 billion, up by 16% year-on-year. Its earnings-per-share is expected to move from $1.78 this year to $2.08 in the coming year.</p>
<div class="lb-trans"><p>预计 Trade Desk 的收入将达到 33.35 亿美元，同比增长 16%。其每股收益预计将从今年的 1.78 美元上升至明年的 2.08 美元。</p>
</div><p>Second, there are signs that the company has become a bargain, with its forward price-to-earnings (P/E) ratio coming in at 21, much lower than the five-year average of 69%. The rule-of-40 metrics show that the company is nearing the key level at 40.</p>
<div class="lb-trans"><p>其次，有迹象表明该公司已成为一个便宜的选择，其前瞻性市盈率（P/E）为 21，远低于五年平均的 69%。40 法则指标显示，该公司接近关键水平 40。</p>
</div><h2>The Trade Desk share price analysis</h2>
<div class="lb-trans"><h2>Trade Desk 股价分析</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/The-Trade-Desk-stock-1024x579.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/12/The-Trade-Desk-stock-1024x579.png"/></p>
<p>TTD stock chart | Source: TradingView</p>
<div class="lb-trans"><p>TTD 股票图表 | 来源：TradingView</p>
</div><p>The weekly chart shows that the TTD stock price has crashed from the year-to-date high of $141 to the current $38.31. It recently moved below the important support level at $38.7, its lowest point in July 2022.</p>
<div class="lb-trans"><p>周线图显示，TTD 股价从年初的高点 141 美元暴跌至当前的 38.31 美元。它最近跌破了重要支撑位 38.7 美元，这是 2022 年 7 月的最低点。</p>
</div><p>The stock has plunged below the 50-week and 100-week Exponential Moving Averages (EMA). On the positive side, it has formed a giant double-bottom pattern whose neckline is at $141.</p>
<div class="lb-trans"><p>该股已跌破 50 周和 100 周的指数移动平均线（EMA）。积极的一面是，它形成了一个巨大的双底形态，其颈线位于 141 美元。</p>
</div><p>Therefore, a contrarian case for the stock can be made. If this happens, the stock will likely rebound and hit the psychological point at $50 as investors buy the dip.</p>
<div class="lb-trans"><p>因此，可以为该股提出反向投资的理由。如果发生这种情况，股价可能会反弹并触及 50 美元的心理关口，因为投资者会趁机买入。</p>
</div><p>READ MORE: Crashing Trade Desk stock is at risk as a death cross nears</p>
<div class="lb-trans"><p>阅读更多：Trade Desk 股价崩盘风险加大，死亡交叉即将来临</p>
</div><p>The post Trade Desk stock dropped 68% in 2025: Why was it the top S&amp;P 500 laggard? appeared first on Invezz</p>
<div class="lb-trans"><p>文章《Trade Desk 股价在 2025 年下跌 68%：为何成为标准普尔 500 的最大滞后者？》首发于 Invezz</p>
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Trade Desk 股票在 2025 年下跌了 68%：为什么它成为标普 500 指数中表现最差的股票？