[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"app-context":3,"blog-the-trade-desk-has-fallen-90-from-its-high-could-2026-be-the-turning-point-ZH":222},{"languages":4,"categories":41,"products":125,"competitors":149},[5,9,13,17,21,25,29,33,37],{"name":6,"code":7,"id":8},"English","EN","TGFuZ3VhZ2U6ZW4=",{"name":10,"code":11,"id":12},"Español","ES","TGFuZ3VhZ2U6ZXM=",{"name":14,"code":15,"id":16},"Português","PT","TGFuZ3VhZ2U6cHQ=",{"name":18,"code":19,"id":20},"日本語","JA","TGFuZ3VhZ2U6amE=",{"name":22,"code":23,"id":24},"한국어","KO","TGFuZ3VhZ2U6a28=",{"name":26,"code":27,"id":28},"Deutsch","DE","TGFuZ3VhZ2U6ZGU=",{"name":30,"code":31,"id":32},"Italiano","IT","TGFuZ3VhZ2U6aXQ=",{"name":34,"code":35,"id":36},"Français","FR","TGFuZ3VhZ2U6ZnI=",{"name":38,"code":39,"id":40},"中文 (中国)","ZH","TGFuZ3VhZ2U6emg=",[42,73,104],{"icon":43,"slug":44,"title":45,"description":46,"featuredLinks":47},"mingcute:stock-line","stock-market-basics","Stock Market Basics","\u003Cp>Beginners' guides and practical tips for understanding stock market investing.\u003C\u002Fp>\n",[48,53,58,63,68],{"url":49,"title":50,"description":51,"ogImage":52},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-makes-stocks-go-up-and-down","What Makes Stocks Go Up and Down | TIKR.com","Understanding what makes stock prices go up and down can help investors better navigate investing. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-makes-stocks-go-up-and-down-banner\u002FWhat-makes-stocks-go-up-and-down-banner.jpg?_i=AA",{"url":54,"title":55,"description":56,"ogImage":57},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fdividend-yield-meaning-formula-example","Dividend Yield: Meaning, Formula, Example | Tikr.com Blog | TIKR.com","The dividend yield is a key metric for investors looking to gauge the income potential of their investments. It measures how much a company pays out in","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FDividend-yield\u002FDividend-yield.png?_i=AA",{"url":59,"title":60,"description":61,"ogImage":62},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fmarket-capitalization-definition-formula-and-why-it-matters","Market Capitalization: Definition, Formula, and Why It Matters | TIKR.com","Long-term investors often look at various valuation metrics when deciding whether to invest in a particular company. One helpful metric to evaluate is","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters.png?_i=AA",{"url":64,"title":65,"description":66,"ogImage":67},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fearnings-per-share-definition-formula-and-why-eps-matters","Earnings Per Share: Definition, Formula, and Why EPS Matters | TIKR.com","Earnings Per Share (EPS) represents the portion of a company's net earnings allocated to each share. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEPS-Defiinition-formula-and-why-EPS-matters-1\u002FEPS-Defiinition-formula-and-why-EPS-matters-1.png?_i=AA",{"url":69,"title":70,"description":71,"ogImage":72},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-stock-price-target","What Is a Stock Price Target? | TIKR.com","A price target is a stock's estimated future price. It can help investors quickly find undervalued stocks. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-Stock-Price-Target-2\u002FWhat-is-a-Stock-Price-Target-2.png?_i=AA",{"icon":74,"slug":75,"title":76,"description":77,"featuredLinks":78},"material-symbols:analytics-outline","fundamental-analysis","Fundamental Analysis","\u003Cp>In-depth resources and financial metrics to help you evaluate companies like a pro.\u003C\u002Fp>\n",[79,84,89,94,99],{"url":80,"title":81,"description":82,"ogImage":83},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fshare-repurchase-why-do-companies-buy-back-their-stock","Share Repurchase: Why Do Companies Buy Back Their Stock? | TIKR.com","Share repurchases, or share buybacks, have gained popularity in the last two decades. According to a report from Goldman Sachs, stock buybacks initiated","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e.png?_i=AA",{"url":85,"title":86,"description":87,"ogImage":88},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-invested-capital","What Is a Good Return on Invested Capital? | TIKR.com","Learning about Return on Invested Capital (ROIC) can help investors spot highly profitable stocks that can drive long-term returns. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-Invested-capital\u002FWhat-is-a-good-return-on-Invested-capital.png?_i=AA",{"url":90,"title":91,"description":92,"ogImage":93},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-equity-ratio","What is a Good Return on Equity Ratio | Tikr.com Blog | TIKR.com","Return on Equity (ROE) is a financial ratio that reflects a company's profitability in relation to the equity invested by shareholders. It basically","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-equity-ratio-1\u002FWhat-is-a-good-return-on-equity-ratio-1.jpg?_i=AA",{"url":95,"title":96,"description":97,"ogImage":98},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-p-e-ratio","What Is a Good P\u002FE Ratio? | TIKR.com","Financial analysts and investors look at various metrics before deciding whether a stock is a buy. One of the metrics is the price-to-earnings ratio (P\u002FE","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-PE-ratio-1\u002FWhat-is-a-good-PE-ratio-1.jpg?_i=AA",{"url":100,"title":101,"description":102,"ogImage":103},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Ftop-6-metrics-for-investing-in-reits","Top 6 Metrics for Investing in REITs | TIKR.com","Real estate has been one of the greatest asset classes for wealth creation in history, and investing in Real Estate Investment Trusts (REITs) can allow","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FGroup-10\u002FGroup-10.png?_i=AA",{"icon":105,"slug":106,"title":107,"description":108,"featuredLinks":109},"hugeicons:investigation","investing-lingo","Investing Lingo","\u003Cp>A comprehensive glossary of investing terms and jargon so you can speak the language of the markets confidently.\u003C\u002Fp>\n",[110,115,120],{"url":111,"title":112,"description":113,"ogImage":114},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fenterprise-value-definition-and-calculation","Enterprise Value: Definition and Calculation | Tikr.com Blog | TIKR.com","Enterprise value (EV) is a financial metric that offers a comprehensive snapshot of a company's total value. Unlike market capitalization which solely","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEnterprise-Value-Definition-and-Calculation_37576e40\u002FEnterprise-Value-Definition-and-Calculation_37576e40.png?_i=AA",{"url":116,"title":117,"description":118,"ogImage":119},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Febitda-definition-formula-how-to-use-it","EBITDA: Definition, Formula, How to Use It | TIKR.com","EBITDA stands for earnings before interest, taxes, depreciation and amortization. It's a financial metric commonly used to evaluate a company's financial","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEBITDA-Definition-Formula-How-to-Use-It\u002FEBITDA-Definition-Formula-How-to-Use-It.png?_i=AA",{"url":121,"title":122,"description":123,"ogImage":124},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-the-free-cash-flow-formula-and-why-does-it-matter","What is the Free Cash Flow Formula and Why Does It Matter | TIKR.com","Free cash flow, or FCF, is the cash a company generates after it accounts for outflows required to maintain business operations and support capital","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-the-free-cash-flow-formula\u002FWhat-is-the-free-cash-flow-formula.png?_i=AA",[126,130,134,137,141,145],{"slug":127,"modified":128,"title":129},"valuation-model-builder","2025-07-03T00:18:53","Value Stocks Quickly and Accurately",{"slug":131,"modified":132,"title":133},"stock-portfolio-tracking","2024-12-02T22:21:28","Monitor Your Portfolio",{"slug":75,"modified":135,"title":136},"2025-01-21T22:10:52","Instantly Analyze Companies with In-Depth Metrics",{"slug":138,"modified":139,"title":140},"stock-screener","2024-12-02T22:13:31","Find the Best Stocks to Buy",{"slug":142,"modified":143,"title":144},"investor-stock-portfolio","2025-01-21T22:02:56","Follow Investment Moves of Top Investors",{"slug":146,"modified":147,"title":148},"analyze-stocks","2025-07-23T16:04:24","Analyze Stocks",[150,154,158,162,166,170,174,178,182,186,190,194,198,202,206,210,214,218],{"slug":151,"title":152,"modified":153},"bloomberg","Bloomberg","2025-01-16T14:23:44",{"slug":155,"title":156,"modified":157},"morningstar","Morningstar","2025-01-16T14:25:16",{"slug":159,"title":160,"modified":161},"sentieo","Sentieo","2025-01-16T17:58:27",{"slug":163,"title":164,"modified":165},"googlefinance","Google Finance","2025-01-17T19:39:37",{"slug":167,"title":168,"modified":169},"tradingview","TradingView","2025-01-16T18:17:01",{"slug":171,"title":172,"modified":173},"factset","Factset","2025-01-16T18:20:16",{"slug":175,"title":176,"modified":177},"finviz","Finviz","2025-01-16T18:23:40",{"slug":179,"title":180,"modified":181},"ycharts","YCharts","2025-01-16T18:32:19",{"slug":183,"title":184,"modified":185},"marketbeat","MarketBeat","2025-03-11T00:27:23",{"slug":187,"title":188,"modified":189},"benzinga","Benzinga","2025-03-11T00:31:00",{"slug":191,"title":192,"modified":193},"gurufocus","Gurufocus","2025-03-11T00:31:12",{"slug":195,"title":196,"modified":197},"fast-graphs","FAST Graphs","2025-03-11T00:31:19",{"slug":199,"title":200,"modified":201},"tipranks","TipRanks","2025-03-11T00:31:26",{"slug":203,"title":204,"modified":205},"seeking-alpha","Seeking Alpha","2025-03-11T00:31:45",{"slug":207,"title":208,"modified":209},"thestreet","TheStreet","2025-03-11T00:31:52",{"slug":211,"title":212,"modified":213},"investing-com","Investing.com","2025-03-11T00:32:00",{"slug":215,"title":216,"modified":217},"zacks","Zacks","2025-03-26T15:40:40",{"slug":219,"title":220,"modified":221},"alphasense","AlphaSense","2025-03-11T00:32:15",{"post":223,"seo":259,"relatedPosts":265,"suggestedPosts":346},{"id":224,"title":225,"date":226,"modified":227,"excerpt":228,"content":229,"wordCount":230,"lang":231,"uri":232,"slug":233,"cloudinaryAssetId":234,"featuredImageOriginalUrl":235,"featuredImageMetadata":236,"author":239,"editor":245,"categories":250,"relatedPosts":256,"seo":257},128636,"The Trade Desk股价已从高点下跌90%。2026年能否成为转折点？","2026-09-04T11:15:00","2026-09-04T11:09:13","\u003Cp>The Trade Desk的股价已从2024年12月的高点下跌了约90%，疲软的第二季度业绩报告将其推至多年未见的低位。现在的问题是，市场的恐惧是否理性，或者说，这是否为大盘股广告科技领域创造了更具不对称性的投资机会。\u003C\u002Fp>","\u003Ch3 id=\"h-k-ey-stats-for-the-trade-desk-stock\" class=\"wp-block-heading\">The Trade Desk 股票\u003Cstrong>关键数据\u003C\u002Fstrong>\u003C\u002Fh3>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>\u003Cstrong>当前价格：\u003C\u002Fstrong> $15.09\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>目标价（中值）：\u003C\u002Fstrong> ~$28\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>华尔街目标价：\u003C\u002Fstrong> ~$13\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>潜在总回报：\u003C\u002Fstrong> ~84%\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>年化内部收益率：\u003C\u002Fstrong> ~15% \u002F 年\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cem>\u003Cstrong>\u003Cem>\u003Cstrong>\u003Cstrong>\u003Cem>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\" target=\"_blank\" rel=\"noreferrer noopener\">现已上线：使用 TIKR 的新估值模型，发现您最喜爱的股票可能有多少上涨空间（免费）\u003C\u002Fa>\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fem>\u003Cstrong>\u003Cem>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\"> >>>\u003C\u002Fa>\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-what-happened\" class=\"wp-block-heading\">发生了什么？\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>The Trade Desk (\u003C\u002Fstrong>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=99942756&tid=401943588&?ref=tikrblog\">\u003Cstrong>TTD\u003C\u002Fstrong>\u003C\u002Fa>\u003Cstrong>)\u003C\u002Fstrong> 已成为市场上最难看的股票之一。股价徘徊在15美元左右，较2024年12月触及的141.53美元高点下跌了约90%，并且在8月26日，股价跌至12.83美元，这是多年未见的价格。直接原因是8月6日发布的2026年第二季度财报：7.15亿美元的收入同比仅增长3%，调整后每股收益0.34美元，低于华尔街预期的0.40美元，管理层对第三季度收入的指引为“至少6.5亿美元”，这意味着同比将下降约12%。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">让这只股票如此令人不安的是，伤害已不再局限于估值倍数。市场花了近两年时间，将一只溢价成长股压缩回地面。现在它提出了一个更棘手的问题：是增长本身出了问题，还是一只仍在产生现金流并获取市场份额的股票，其定价却仿佛增长已停滞？ \u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\">\u003Cstrong>Q2 业绩不及预期是事实，但其业务本身并非一个数字\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">在财报电话会议上，首席执行官兼联合创始人 Jeff Green 坦率地表示：“我们的收入增长低于我们的预期，也低于我们为自己设定的标准。”他将业绩缺口归因于宏观环境对最大广告主的挤压以及公司自身的执行问题，这区分了TTD可控和不可控的部分。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Green 指出，汽车和快速消费品合计约占其业务的25%，两者都受到关税、投入成本以及主要影响低收入买家的消费者分化的压力。在这两个垂直领域之外，情况则不那么黯淡。Green 指出，联合商业计划——TTD与大型品牌和代理商签订的多年度承诺——是最清晰的信号：季度末有217个，同比增长38%，这些计划下的收入增长速度是整体增速的6倍。他说这“可能是我们能分享的最乐观的数字”。音频连续第四个季度成为增长最快的渠道，联网电视在EMEA和APAC地区的收入同比增长均超过50%，中国市场年初至今增长超过100%。这不是一个产品失去竞争力的平台应有的特征。这是一个其两个最具周期性的垂直领域下滑，而其余部分仍在持续复利增长的情况，而这一区别正是整个争论的核心。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3023\" height=\"2015\" data-public-id=\"images\u002FTIKR.com_The-Trade-Desk-Inc.-TTD-Drawdowns_128643a222b\u002FTIKR.com_The-Trade-Desk-Inc.-TTD-Drawdowns_128643a222b.webp\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3023,h_2015,c_scale\u002Ff_webp,q_auto\u002Fv1788519999\u002Fimages\u002FTIKR.com_The-Trade-Desk-Inc.-TTD-Drawdowns_128643a222b\u002FTIKR.com_The-Trade-Desk-Inc.-TTD-Drawdowns_128643a222b.webp?_i=AA\" alt=\"\" class=\"wp-post-128636 wp-image-128643\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1788519999\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1788519999\u002Fimages\u002FTIKR.com_The-Trade-Desk-Inc.-TTD-Drawdowns_128643a222b\u002FTIKR.com_The-Trade-Desk-Inc.-TTD-Drawdowns_128643a222b.webp?_i=AA 3023w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788519999\u002Fimages\u002FTIKR.com_The-Trade-Desk-Inc.-TTD-Drawdowns_128643a222b\u002FTIKR.com_The-Trade-Desk-Inc.-TTD-Drawdowns_128643a222b.webp?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1788519999\u002Fimages\u002FTIKR.com_The-Trade-Desk-Inc.-TTD-Drawdowns_128643a222b\u002FTIKR.com_The-Trade-Desk-Inc.-TTD-Drawdowns_128643a222b.webp?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1788519999\u002Fimages\u002FTIKR.com_The-Trade-Desk-Inc.-TTD-Drawdowns_128643a222b\u002FTIKR.com_The-Trade-Desk-Inc.-TTD-Drawdowns_128643a222b.webp?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1788519999\u002Fimages\u002FTIKR.com_The-Trade-Desk-Inc.-TTD-Drawdowns_128643a222b\u002FTIKR.com_The-Trade-Desk-Inc.-TTD-Drawdowns_128643a222b.webp?_i=AA 300w\" sizes=\"auto, (max-width: 3023px) 100vw, 3023px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">The Trade Desk 股价回撤 \u003Cstrong>(\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fmarkets?fid=1&?ref=tikrblog\">TIKR\u003C\u002Fa>)\u003C\u002Fstrong>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>\u003Cem>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">\u003C\u002Fa>\u003Cstrong>\u003Cem>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">\u003C\u002Fa>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\" target=\"_blank\" rel=\"noreferrer noopener\">查看 The Trade Desk 股票的历史和前瞻性预测（免费！） >>>\u003C\u002Fa>\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-a-downgrade-wave-and-a-rival-in-the-regulatory-crosshairs\" class=\"wp-block-heading\">\u003Cstrong>\u003Cstrong>降级潮与监管瞄准的竞争对手\u003C\u002Fstrong>\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">DA Davidson 于8月10日将评级下调至中性，目标价从29美元下调至16美元，理由是“客户摩擦和定价\u002F透明度问题”，这呼应了全年笼罩该股的Publicis争议。汇丰银行将其评级下调至减持，目标价10美元。MoffettNathanson 将其目标价从23美元大幅下调至6美元。华尔街平均目标价目前接近13美元，36位分析师中有23位给予该股“持有”评级。当一只股票已经下跌这么多，而分析师仍在不断下调评级时，解读就是痛苦尚未结束。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">8月31日，\u003Ca href=\"https:\u002F\u002Fwww.ftc.gov\u002Fnews-events\u002Fnews\u002Fpress-releases\u002F2026\u002F08\u002Fftc-states-sue-amazon-over-secret-ad-surcharge-scheme\">联邦贸易委员会联合22个州起诉亚马逊\u003C\u002Fa>，指控其秘密抬高拍卖价格，并通过自2019年拍卖变更以来未公开的附加费攫取了超过200亿美元。亚马逊称该诉讼具有误导性，指控未经证实，且\u003Ca href=\"https:\u002F\u002Fwww.adexchanger.com\u002Fplatforms\u002Fthe-ftcs-amazon-lawsuit-is-ad-techs-history-of-opacity-repeating-itself\u002F\">行业报道指出，诉讼针对的是亚马逊的Sponsored Products控制台，而非其DSP\u003C\u002Fa>。因此，这并非客户迁移，TTD也非当事方。但它恰好落在了Green过去一年一直强调的论点之上：一个独立的平台，不拥有其购买的媒体，没有理由暗中偏袒自己的库存。“在AI时代，信任的溢价正在上升，而非下降，”他告诉分析师。一项指控最大围墙花园不透明的联邦诉讼，虽然不会改变TTD的财务数据，但它重塑了市场已经放弃的竞争叙事。\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\">\u003Cstrong>市场实际在定价什么\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">TTD的交易价格约为过去12个月市盈率的17.75倍，以及未来12个月\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fenterprise-value-definition-and-calculation\">企业价值\u002F息税折旧摊销前利润\u003C\u002Fa>的9.96倍，拥有约15亿美元的现金和短期投资，而市值约为70亿美元。 \u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">TTD的未来12个月企业价值\u002F收入倍数为2.37倍，而同行中位数约为1.3倍，因此在销售指标上并不便宜。但在现金流指标上，其9.96倍的未来12个月企业价值\u002F息税折旧摊销前利润低于AppLovin的13.67倍，并且其资产负债表为净现金状态，而大多数同行则为净负债。只有当由联合商业计划引领的重新加速增长是真实的，其溢价才是合理的，而市场给予“持有”评级和13美元的目标价，表明它目前还不相信这一点。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Green本人对“太贵”指控的反驳值得一听，因为这是价值问题的关键。他提醒分析师，在公司上市的十年里，其抽成率有五年上升，五年下降，保持在一个稳定的中间水平，而非持续攀升。他还重新解读了费用计算：将其平台费与更便宜的竞争对手比较，忽略了竞争对手将费用捆绑在媒体成本中，因此真正的竞争是1.08美元购买的展示是否优于1.04美元购买的展示，而不是8%是否优于4%。如果基于决策的购买物有所值，那么费用就不是其估值倍数所暗示的问题。这一说法尚未得到季度数据的证实，但以15美元买入的投资者，正是在押注这一点。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">看跌观点几乎不需要任何利好：如果快速消费品和汽车行业的疲软持续到2027年，同时新管理层站稳脚跟，那么十几美元的股价是合理的。看涨观点并不要求恢复到25%的增长，只需要非周期性的大部分业务继续复利增长，同时汽车和快速消费品行业不再恶化，届时，对于一个净现金、\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-the-free-cash-flow-formula-and-why-does-it-matter\">自由现金流\u003C\u002Fa>为正的企业（承认大量股权激励），低于10倍的息税折旧摊销前利润倍数看起来就是个错误。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3023\" height=\"2015\" data-public-id=\"images\u002FTIKR.com_TTD-The-Trade-Desk-Inc.-Revenues\u002FTIKR.com_TTD-The-Trade-Desk-Inc.-Revenues.webp\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3023,h_2015,c_scale\u002Ff_webp,q_auto\u002Fv1788520006\u002Fimages\u002FTIKR.com_TTD-The-Trade-Desk-Inc.-Revenues\u002FTIKR.com_TTD-The-Trade-Desk-Inc.-Revenues.webp?_i=AA\" alt=\"\" class=\"wp-post-128636 wp-image-128644\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1788520006\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1788520006\u002Fimages\u002FTIKR.com_TTD-The-Trade-Desk-Inc.-Revenues\u002FTIKR.com_TTD-The-Trade-Desk-Inc.-Revenues.webp?_i=AA 3023w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788520006\u002Fimages\u002FTIKR.com_TTD-The-Trade-Desk-Inc.-Revenues\u002FTIKR.com_TTD-The-Trade-Desk-Inc.-Revenues.webp?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1788520006\u002Fimages\u002FTIKR.com_TTD-The-Trade-Desk-Inc.-Revenues\u002FTIKR.com_TTD-The-Trade-Desk-Inc.-Revenues.webp?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1788520006\u002Fimages\u002FTIKR.com_TTD-The-Trade-Desk-Inc.-Revenues\u002FTIKR.com_TTD-The-Trade-Desk-Inc.-Revenues.webp?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1788520006\u002Fimages\u002FTIKR.com_TTD-The-Trade-Desk-Inc.-Revenues\u002FTIKR.com_TTD-The-Trade-Desk-Inc.-Revenues.webp?_i=AA 300w\" sizes=\"auto, (max-width: 3023px) 100vw, 3023px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">The Trade Desk 收入 \u003Cstrong>(\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fmarkets?fid=1&?ref=tikrblog\">TIKR\u003C\u002Fa>)\u003C\u002Fstrong>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>\u003Cem>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">在 TIKR 中查看 The Trade Desk 相对于同行的表现（免费！） >>>\u003C\u002Fa>\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-tikr-advanced-model-analysis\" class=\"wp-block-heading\">\u003Cstrong>TIKR 高级模型分析\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>\u003Cstrong>当前价格：\u003C\u002Fstrong> $15.09\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>目标价（中值）：\u003C\u002Fstrong> ~$28\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>潜在总回报：\u003C\u002Fstrong> ~84%\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>年化内部收益率：\u003C\u002Fstrong> ~15% \u002F 年\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"4968\" height=\"4084\" data-public-id=\"images\u002FTTD_valuation_model_128645ba694\u002FTTD_valuation_model_128645ba694.webp\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_4968,h_4084,c_scale\u002Ff_webp,q_auto\u002Fv1788520029\u002Fimages\u002FTTD_valuation_model_128645ba694\u002FTTD_valuation_model_128645ba694.webp?_i=AA\" alt=\"\" class=\"wp-post-128636 wp-image-128645\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1788520029\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1788520029\u002Fimages\u002FTTD_valuation_model_128645ba694\u002FTTD_valuation_model_128645ba694.webp?_i=AA 4968w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_986,c_scale\u002Ff_webp,q_auto\u002Fv1788520029\u002Fimages\u002FTTD_valuation_model_128645ba694\u002FTTD_valuation_model_128645ba694.webp?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_1151,c_scale\u002Ff_webp,q_auto\u002Fv1788520029\u002Fimages\u002FTTD_valuation_model_128645ba694\u002FTTD_valuation_model_128645ba694.webp?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_247,c_scale\u002Ff_webp,q_auto\u002Fv1788520029\u002Fimages\u002FTTD_valuation_model_128645ba694\u002FTTD_valuation_model_128645ba694.webp?_i=AA 300w\" sizes=\"auto, (max-width: 4968px) 100vw, 4968px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">The Trade Desk 高级估值模型 \u003Cstrong>(\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fmarkets?fid=1&?ref=tikrblog\">TIKR\u003C\u002Fa>)\u003C\u002Fstrong>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>\u003Cem>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">查看分析师对 The Trade Desk 股票的增长预测和目标价（免费！） >>>\u003C\u002Fa>\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">TIKR的中性情景将TTD估值定在约28美元，意味着约84%的总回报，以及未来4.3年内约15%的年化内部收益率，基于15.09美元的入场价。该情景基于两个收入驱动因素：持续的联网电视和音频扩张（音频已是增长最快的渠道，国际联网电视同比增长超过50%），以及联合商业计划的飞轮效应（联合商业计划下的收入以整体增速6倍的速度复利增长，基数每年增长38%）。利润率驱动因素是工作负载向自有数据中心的转移，管理层将其视为2026年的成本逆风，但未来会带来运营杠杆。主要风险是快速消费品和汽车行业的疲软被证明是结构性的而非周期性的，从而拖累整个增长假设。\u003C\u002Fp>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>\u003Cstrong>上行空间：\u003C\u002Fstrong> 非周期性的大部分业务继续复利增长，汽车和快速消费品行业企稳，净现金的现金生成企业从个位数的息税折旧摊销前利润倍数重新估值。\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>下行风险：\u003C\u002Fstrong> 增长减速成为新常态，在领导层过渡期间执行持续不稳，股票在整个下跌过程中看似便宜，实则成为价值陷阱。\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Ch2 class=\"wp-block-heading\">\u003Cstrong>结论\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">决定这一切的数字是第三季度收入，将于11月初公布，指引为“至少6.5亿美元”，这个门槛设定为同比约下降12%。如果实际数字显著高于6.5亿美元，且联合商业计划和联网电视势头保持，汽车或快速消费品行业有任何企稳迹象，这将是重新加速增长不仅仅是口头承诺的第一个硬证据。如果实际数字达到或低于指引，尤其是背后伴随着又一次下调，则表明减速主导了故事，华尔街的“持有”评级是正确的。降级、亚马逊诉讼、90%的回撤，所有这些都是背景。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">\u003Cstrong>\u003Cem>查看亿万富翁投资者正在买入哪些股票，以便您能通过 TIKR 跟随聪明钱。\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-should-you-invest-in-the-trade-desk\" class=\"wp-block-heading\">您应该投资 The Trade Desk 吗？\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">真正了解的唯一方法是亲自查看数据。TIKR 为您免费提供专业分析师用来回答该问题的相同机构级财务数据。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">打开\u003Cstrong>The Trade Desk\u003C\u002Fstrong>，您将看到多年的历史财务数据、华尔街分析师对未来几个季度收入和收益的预期、估值倍数随时间的变化，以及目标价是上升还是下降趋势。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">您可以建立一个免费的观察列表，以跟踪\u003Cstrong>\u003Cstrong>The Trade Desk\u003C\u002Fstrong>\u003C\u002Fstrong>以及您关注的所有其他股票。无需信用卡。只需您做决定所需的数据。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>\u003Cem>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">\u003Cstrong>\u003Cem>在 TIKR 上免费分析 The Trade Desk →\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fa>\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-looking-for-new-opportunities\" class=\"wp-block-heading\">寻找新机会？\u003C\u002Fh2>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>查看\u003Cstrong>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">亿万富翁投资者正在买入\u003C\u002Fa> \u003C\u002Fstrong>哪些股票，以便您能跟随聪明钱。\u003C\u002Fli>\n\n\n\n\u003Cli>使用 TIKR 一体化、易于使用的平台，\u003Cstrong>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">在短短5分钟内分析股票\u003C\u002Fa>\u003C\u002Fstrong>。\u003C\u002Fli>\n\n\n\n\u003Cli>您翻开的石头越多……发现的机会就越多。\u003Cstrong>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">使用 TIKR 搜索超过10万只全球股票、全球顶级投资者持仓等。\u003C\u002Fa>\u003C\u002Fstrong>\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Ch2 id=\"h-disclaimer\" class=\"wp-block-heading\">\u003Cstrong>免责声明：\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cem>请注意，TIKR 上的文章并非 TIKR 或我们的内容团队提供的投资或财务建议，也不是买卖任何股票的建议。我们根据 TIKR Terminal 的投资数据和分析师预测创建内容。我们的分析可能未包含最新的公司新闻或重要更新。TIKR 对提及的任何股票均无持仓。感谢阅读，祝您投资愉快！\u003C\u002Fem>\u003C\u002Fp>",1602,"zh","\u002Fblog\u002Fthe-trade-desk-has-fallen-90-from-its-high-could-2026-be-the-turning-point","the-trade-desk-has-fallen-90-from-its-high-could-2026-be-the-turning-point","images\u002F2_1286404e4d4\u002F2_1286404e4d4","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788519897\u002Fimages\u002F2_1286404e4d4\u002F2_1286404e4d4.png?_i=AA",{"altText":237,"imageCredit":238},"The Trade Desk Has Fallen 90% From Its High. Could 2026 Be the Turning Point?","@geralt from pixabay via Canva, @maxkabakov from Getty Images via Canva",{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":244},"Wiltone Asuncion","wiltonetikr","author","",[],{"name":246,"slug":247,"role":248,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":249},"David Hanson","davidtikr","editor",[],[251],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},"股票评论","reviews","\u002Fblog\u002Fcategory\u002Freviews",0,[],{"title":237,"metaDesc":258,"opengraphDescription":258,"twitterTitle":237,"twitterDescription":258},"The Trade Desk has lost roughly 90% of its value from the December 2024 peak, and a weak Q2 print pushed it to levels last seen years ago. The question now is whether the fear is rational or whether it has created one of the more asymmetric setups in large-cap ad tech.",{"title":237,"description":258,"twitterTitle":237,"twitterDescription":258,"author":240,"articlePublisher":260,"articlePublishedTime":226,"articleModifiedTime":227,"twitterLabel1":261,"twitterData1":262,"ogTitle":237,"ogDescription":258,"ogUrl":232,"ogImage":235,"ogImageWidth":263,"ogImageHeight":264,"ogImageSecureUrl":235,"ogImageAlt":237,"twitterImage":235},"TIKR.com","预计阅读时间","2 minutes",1200,630,[266,283,298,312,329],{"id":255,"title":267,"date":268,"excerpt":269,"wordCount":270,"uri":271,"slug":272,"cloudinaryAssetId":273,"featuredImageOriginalUrl":274,"featuredImageMetadata":275,"author":276,"categories":280,"relatedPosts":282},"Plug Power首次实现毛利率盈亏平衡。这次转机是真的吗？","2026-09-03 18:45:00","在经历了多年亏损、且亏损增速超过营收增长的困境后，Plug Power刚刚跨越了一条怀疑论者曾认为其永远无法企及的界线。",960,"\u002Fblog\u002Fplug-power-hit-breakeven-gross-margin-for-the-first-time-is-the-turnaround-real","plug-power-hit-breakeven-gross-margin-for-the-first-time-is-the-turnaround-real","images\u002FPlug-Power-Featured_128573fceb4\u002FPlug-Power-Featured_128573fceb4","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788457496\u002Fimages\u002FPlug-Power-Featured_128573fceb4\u002FPlug-Power-Featured_128573fceb4.png?_i=AA",{"altText":267},{"name":277,"slug":278,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":279},"David Beren","davidberentikr",[],[281],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},[],{"id":255,"title":284,"date":285,"excerpt":286,"wordCount":287,"uri":288,"slug":289,"cloudinaryAssetId":290,"featuredImageOriginalUrl":291,"featuredImageMetadata":292,"author":293,"categories":295,"relatedPosts":297},"Verizon收益率为5.7%，市盈率为10倍。这个沉寂的故事终于值得关注了吗？","2026-09-03 17:55:00","Verizon刚刚公布了创纪录的调整后EBITDA，并上调了自由现金流预期，但市场几乎没有反应。",970,"\u002Fblog\u002Fverizon-is-yielding-5-7-and-trading-at-10x-earnings-is-the-quiet-story-finally-worth-paying-attention-to","verizon-is-yielding-5-7-and-trading-at-10x-earnings-is-the-quiet-story-finally-worth-paying-attention-to","images\u002FVerizon-Featured_1285540286b\u002FVerizon-Featured_1285540286b","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788454606\u002Fimages\u002FVerizon-Featured_1285540286b\u002FVerizon-Featured_1285540286b.png?_i=AA",{"altText":284},{"name":277,"slug":278,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":294},[],[296],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},[],{"id":255,"title":299,"date":300,"excerpt":301,"wordCount":302,"uri":303,"slug":304,"cloudinaryAssetId":-1,"featuredImageOriginalUrl":305,"featuredImageMetadata":306,"author":307,"categories":309,"relatedPosts":311},"Oklo股价较峰值下跌62%。以下是多头观点需要你相信的前提。","2026-09-03 17:28:42","该股在2026年已腰斩，但监管方面的里程碑事件仍在不断出现。",950,"\u002Fblog\u002Foklo-is-down-62-from-its-peak-heres-what-the-bull-case-requires-you-to-believe","oklo-is-down-62-from-its-peak-heres-what-the-bull-case-requires-you-to-believe","https:\u002F\u002Ftikr1.wpengine.com\u002Fwp-content\u002Fuploads\u002F2026\u002F09\u002FOklo-Holdings-Featured-600x400.png",{"altText":299},{"name":277,"slug":278,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":308},[],[310],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},[],{"id":255,"title":313,"date":314,"excerpt":315,"wordCount":316,"uri":317,"slug":318,"cloudinaryAssetId":319,"featuredImageOriginalUrl":320,"featuredImageMetadata":321,"author":322,"categories":326,"relatedPosts":328},"Salesforce本周上涨23%。以下是该股在2026年的走势展望","2026-09-03 14:03:13","Salesforce股价本周飙升约23%，我们的分析显示其估值已趋于合理。更强劲的订单量、加速推进的AI应用以及可持续的利润率，将成为该股在2026年剩余时间内的关键驱动力。",852,"\u002Fblog\u002Fsalesforce-rose-23-this-week-heres-where-the-stock-is-headed-in-2026","salesforce-rose-23-this-week-heres-where-the-stock-is-headed-in-2026","images\u002F@Blue-Planet-Studio-from-Getty-Images-via-Canva-2\u002F@Blue-Planet-Studio-from-Getty-Images-via-Canva-2","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788443631\u002Fimages\u002F@Blue-Planet-Studio-from-Getty-Images-via-Canva-2\u002F@Blue-Planet-Studio-from-Getty-Images-via-Canva-2.png?_i=AA",{"altText":313},{"name":323,"slug":324,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":325},"Nikko Henson","nikkotikr",[],[327],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},[],{"id":255,"title":330,"date":331,"excerpt":332,"wordCount":333,"uri":334,"slug":335,"cloudinaryAssetId":336,"featuredImageOriginalUrl":337,"featuredImageMetadata":338,"author":339,"categories":343,"relatedPosts":345},"Chipotle股价三个月内上涨23%。一场沙门氏菌恐慌几乎使其脱轨，涨势能否持续？","2026-09-02 15:55:26","Chipotle股价在三个月内飙升22.8%，成功挺过了一场沙门氏菌恐慌，该事件曾一度导致其股价单日暴跌10%。",1212,"\u002Fblog\u002Fchipotle-stock-is-up-23-in-three-months-a-salmonella-scare-almost-derailed-it-can-it-continue-rallying","chipotle-stock-is-up-23-in-three-months-a-salmonella-scare-almost-derailed-it-can-it-continue-rallying","images\u002FFEATURED-IMAGE-MAKER-1510\u002FFEATURED-IMAGE-MAKER-1510","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_360,c_scale\u002Ff_webp,q_auto\u002Fv1788364323\u002Fimages\u002FFEATURED-IMAGE-MAKER-1510\u002FFEATURED-IMAGE-MAKER-1510.png?_i=AA",{"altText":330},{"name":340,"slug":341,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":342},"Gian Estrada","giantikr",[],[344],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},[],[347,367,382,397,412,426,444,459,474,489,504,522,537,552,567],{"id":255,"title":348,"date":349,"excerpt":350,"wordCount":351,"uri":352,"slug":353,"cloudinaryAssetId":354,"featuredImageOriginalUrl":355,"featuredImageMetadata":356,"author":357,"categories":361,"relatedPosts":366},"Meta Platforms股价在推出Muse Spark AI模型后上涨","2026-09-04 10:51:00","Meta Platforms股价上涨4%，此前该公司推出Muse Spark 1.3人工智能模型，广告收入增长强劲，且科技板块整体上扬。",795,"\u002Fblog\u002Fmeta-platforms-stock-rallies-muse-spark-ai-launch","meta-platforms-stock-rallies-muse-spark-ai-launch","images\u002FMETA-stock-@Omar_Nasif-from-pixabay-via-Canva-@Diego-Maravilla-©-2022-from-Diego-Maravilla-via-Canva-Copy_128596b29f6\u002FMETA-stock-@Omar_Nasif-from-pixabay-via-Canva-@Diego-Maravilla-©-2022-from-Diego-Maravilla-via-Canva-Copy_128596b29f6","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788503806\u002Fimages\u002FMETA-stock-@Omar_Nasif-from-pixabay-via-Canva-@Diego-Maravilla-©-2022-from-Diego-Maravilla-via-Canva-Copy_128596b29f6\u002FMETA-stock-@Omar_Nasif-from-pixabay-via-Canva-@Diego-Maravilla-©-2022-from-Diego-Maravilla-via-Canva-Copy_128596b29f6.png?_i=AA",{"altText":348},{"name":358,"slug":359,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":360},"Aditya Raghunath","adityatikr",[],[362],{"name":363,"slug":364,"uri":365,"description":243,"postsCount":255},"一般投资","general-investing","\u002Fblog\u002Fcategory\u002Fgeneral-investing",[],{"id":255,"title":368,"date":369,"excerpt":370,"wordCount":371,"uri":372,"slug":373,"cloudinaryAssetId":374,"featuredImageOriginalUrl":375,"featuredImageMetadata":376,"author":377,"categories":379,"relatedPosts":381},"Robinhood股价飙升17%，德意志银行看好预测市场增长前景","2026-09-04 10:21:00","Robinhood股价飙升15%，此前德意志银行等多家分析师强调其预测市场业务具备强劲增长潜力。",759,"\u002Fblog\u002Frobinhood-hood-stock-surges-deutsche-bank-prediction-markets","robinhood-hood-stock-surges-deutsche-bank-prediction-markets","images\u002FHOOD-stock_12860442962\u002FHOOD-stock_12860442962","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788505144\u002Fimages\u002FHOOD-stock_12860442962\u002FHOOD-stock_12860442962.png?_i=AA",{"altText":368},{"name":358,"slug":359,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":378},[],[380],{"name":363,"slug":364,"uri":365,"description":243,"postsCount":255},[],{"id":255,"title":383,"date":384,"excerpt":385,"wordCount":386,"uri":387,"slug":388,"cloudinaryAssetId":389,"featuredImageOriginalUrl":390,"featuredImageMetadata":391,"author":392,"categories":394,"relatedPosts":396},"英伟达同意以129亿美元收购Hugging Face以扩展AI基础设施","2026-09-03 14:39:17","英伟达股票新闻：公司同意以129亿美元收购Hugging Face，这是其有史以来第二大收购案。",786,"\u002Fblog\u002Fnvidia-nvda-stock-acquires-hugging-face-12-9-billion","nvidia-nvda-stock-acquires-hugging-face-12-9-billion","images\u002FNVDA-stock_1285250411f\u002FNVDA-stock_1285250411f","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788440689\u002Fimages\u002FNVDA-stock_1285250411f\u002FNVDA-stock_1285250411f.png?_i=AA",{"altText":383},{"name":358,"slug":359,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":393},[],[395],{"name":363,"slug":364,"uri":365,"description":243,"postsCount":255},[],{"id":255,"title":398,"date":399,"excerpt":400,"wordCount":401,"uri":402,"slug":403,"cloudinaryAssetId":404,"featuredImageOriginalUrl":405,"featuredImageMetadata":406,"author":407,"categories":409,"relatedPosts":411},"Alphabet股价大涨，科技巨头发布新版Gemini AI模型并赢得重大反垄断裁决","2026-09-03 13:00:00","谷歌股价上涨，此前公司发布了Gemini 3.8 Flash模型，并在一项反垄断裁决中取得有利结果，避免了其广告交易平台AdX被拆分。",773,"\u002Fblog\u002Fgoogle-stock-rallies-gemini-ai-antitrust-ruling","google-stock-rallies-gemini-ai-antitrust-ruling","images\u002FGOOGL-stock_128491c8f59\u002FGOOGL-stock_128491c8f59","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788427906\u002Fimages\u002FGOOGL-stock_128491c8f59\u002FGOOGL-stock_128491c8f59.png?_i=AA",{"altText":398},{"name":358,"slug":359,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":408},[],[410],{"name":363,"slug":364,"uri":365,"description":243,"postsCount":255},[],{"id":255,"title":413,"date":399,"excerpt":414,"wordCount":415,"uri":416,"slug":417,"cloudinaryAssetId":418,"featuredImageOriginalUrl":419,"featuredImageMetadata":420,"author":421,"categories":423,"relatedPosts":425},"微软准备在重大财报改革中披露独立Azure云业务收入","微软股票新闻：公司将在重大财报改革中首次披露独立Azure业务收入。",833,"\u002Fblog\u002Fmicrosoft-msft-stock-azure-standalone-revenue-reporting","microsoft-msft-stock-azure-standalone-revenue-reporting","images\u002FMSFT-stock_128501a85b5\u002FMSFT-stock_128501a85b5","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788431819\u002Fimages\u002FMSFT-stock_128501a85b5\u002FMSFT-stock_128501a85b5.png?_i=AA",{"altText":413},{"name":358,"slug":359,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":422},[],[424],{"name":363,"slug":364,"uri":365,"description":243,"postsCount":255},[],{"id":255,"title":427,"date":428,"excerpt":429,"wordCount":430,"uri":431,"slug":432,"cloudinaryAssetId":433,"featuredImageOriginalUrl":434,"featuredImageMetadata":435,"author":436,"categories":438,"relatedPosts":443},"Lululemon第二季度息税前利润超预期。但业绩指引下调抹去了这一利好消息。","2026-09-04 09:30:00","Lululemon的GAAP每股收益达到2.92美元，这得益于一笔1.345亿美元的一次性关税退款，但调整后每股收益下降34%至2.06美元，同时公司大幅下调了业绩指引。",1020,"\u002Fblog\u002Flululemons-q2-earnings-beat-on-ebit-a-guidance-cut-erased-the-good-news","lululemons-q2-earnings-beat-on-ebit-a-guidance-cut-erased-the-good-news","images\u002FFEATURED-IMAGE-MAKER-1521\u002FFEATURED-IMAGE-MAKER-1521","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_360,c_scale\u002Ff_webp,q_auto\u002Fv1788505347\u002Fimages\u002FFEATURED-IMAGE-MAKER-1521\u002FFEATURED-IMAGE-MAKER-1521.png?_i=AA",{"altText":427},{"name":340,"slug":341,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":437},[],[439],{"name":440,"slug":441,"uri":442,"description":243,"postsCount":255},"收益更新","earnings-updates","\u002Fblog\u002Fcategory\u002Fearnings-updates",[],{"id":255,"title":445,"date":446,"excerpt":447,"wordCount":448,"uri":449,"slug":450,"cloudinaryAssetId":451,"featuredImageOriginalUrl":452,"featuredImageMetadata":453,"author":454,"categories":456,"relatedPosts":458},"Samsara 2026：第二季度财报确认连续第四个季度实现GAAP盈利","2026-09-04 09:00:00","Samsara在单个季度内新增了242个价值10万美元以上的客户。年度经常性收入（ARR）刚刚突破21亿美元。",1045,"\u002Fblog\u002Fsamsara-2026-q2-earnings-confirm-a-fourth-straight-quarter-of-gaap-profit","samsara-2026-q2-earnings-confirm-a-fourth-straight-quarter-of-gaap-profit","images\u002FFEATURED-IMAGE-MAKER-1520\u002FFEATURED-IMAGE-MAKER-1520","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_360,c_scale\u002Ff_webp,q_auto\u002Fv1788503322\u002Fimages\u002FFEATURED-IMAGE-MAKER-1520\u002FFEATURED-IMAGE-MAKER-1520.png?_i=AA",{"altText":445},{"name":340,"slug":341,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":455},[],[457],{"name":440,"slug":441,"uri":442,"description":243,"postsCount":255},[],{"id":255,"title":460,"date":461,"excerpt":462,"wordCount":463,"uri":464,"slug":465,"cloudinaryAssetId":466,"featuredImageOriginalUrl":467,"featuredImageMetadata":468,"author":469,"categories":471,"relatedPosts":473},"Zscaler第四季度业绩全线超预期。但2027财年指引未能延续这一势头。","2026-09-04 08:30:00","Zscaler第四季度营收达到8.98亿美元，同比增长25%，全面超出华尔街的各项预期指标。",982,"\u002Fblog\u002Fzscalers-q4-earnings-beat-on-every-line-the-fy27-guide-didnt-follow-through","zscalers-q4-earnings-beat-on-every-line-the-fy27-guide-didnt-follow-through","images\u002FFEATURED-IMAGE-MAKER-1519\u002FFEATURED-IMAGE-MAKER-1519","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_360,c_scale\u002Ff_webp,q_auto\u002Fv1788501841\u002Fimages\u002FFEATURED-IMAGE-MAKER-1519\u002FFEATURED-IMAGE-MAKER-1519.png?_i=AA",{"altText":460},{"name":340,"slug":341,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":470},[],[472],{"name":440,"slug":441,"uri":442,"description":243,"postsCount":255},[],{"id":255,"title":475,"date":476,"excerpt":477,"wordCount":478,"uri":479,"slug":480,"cloudinaryAssetId":481,"featuredImageOriginalUrl":482,"featuredImageMetadata":483,"author":484,"categories":486,"relatedPosts":488},"DocuSign Q2财报全线超预期。IAM平台功不可没。","2026-09-04 08:00:00","DocuSign的身份与访问管理平台在单个季度内跃升至年度经常性收入的15.1%，为上调的业绩指引和3.07亿美元的股票回购提供了资金支持。",956,"\u002Fblog\u002Fdocusigns-q2-earnings-beat-on-every-line-the-iam-platform-is-why","docusigns-q2-earnings-beat-on-every-line-the-iam-platform-is-why","images\u002FFEATURED-IMAGE-MAKER-1518\u002FFEATURED-IMAGE-MAKER-1518","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_360,c_scale\u002Ff_webp,q_auto\u002Fv1788501374\u002Fimages\u002FFEATURED-IMAGE-MAKER-1518\u002FFEATURED-IMAGE-MAKER-1518.png?_i=AA",{"altText":475},{"name":340,"slug":341,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":485},[],[487],{"name":440,"slug":441,"uri":442,"description":243,"postsCount":255},[],{"id":255,"title":490,"date":491,"excerpt":492,"wordCount":493,"uri":494,"slug":495,"cloudinaryAssetId":496,"featuredImageOriginalUrl":497,"featuredImageMetadata":498,"author":499,"categories":501,"relatedPosts":503},"Snowflake股价在第二季度财报显示连续第三个季度加速增长后飙升23%。","2026-09-03 10:00:00","Snowflake的产品收入实现了37%的增长，比两个季度前加快了七个百分点，财报发布后Snowflake股价飙升了23%。",978,"\u002Fblog\u002Fsnowflake-stock-jumped-23-after-q2-earnings-show-a-third-straight-quarter-of-acceleration","snowflake-stock-jumped-23-after-q2-earnings-show-a-third-straight-quarter-of-acceleration","images\u002FFEATURED-IMAGE-MAKER-1514\u002FFEATURED-IMAGE-MAKER-1514","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_360,c_scale\u002Ff_webp,q_auto\u002Fv1788413847\u002Fimages\u002FFEATURED-IMAGE-MAKER-1514\u002FFEATURED-IMAGE-MAKER-1514.png?_i=AA",{"altText":490},{"name":340,"slug":341,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":500},[],[502],{"name":440,"slug":441,"uri":442,"description":243,"postsCount":255},[],{"id":255,"title":505,"date":506,"excerpt":507,"wordCount":508,"uri":509,"slug":510,"cloudinaryAssetId":511,"featuredImageOriginalUrl":512,"featuredImageMetadata":513,"author":514,"categories":516,"relatedPosts":521},"2026年上涨20%，特雷克斯股票到2030年还有更多上涨空间吗？","2026-09-02 14:32:39","TEX公布了创纪录的订单积压并上调了业绩指引。以下是TIKR估值模型对特雷克斯股票到2030年上涨空间的预测。",1128,"\u002Fblog\u002Ftex-stock-terex-valuation-2030","tex-stock-terex-valuation-2030","images\u002FTEX-stock_1283813fcd7\u002FTEX-stock_1283813fcd7","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788350892\u002Fimages\u002FTEX-stock_1283813fcd7\u002FTEX-stock_1283813fcd7.png?_i=AA",{"altText":505},{"name":358,"slug":359,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":515},[],[517],{"name":518,"slug":519,"uri":520,"description":243,"postsCount":255},"估价","valuation","\u002Fblog\u002Fcategory\u002Fvaluation",[],{"id":255,"title":523,"date":524,"excerpt":525,"wordCount":526,"uri":527,"slug":528,"cloudinaryAssetId":529,"featuredImageOriginalUrl":530,"featuredImageMetadata":531,"author":532,"categories":534,"relatedPosts":536},"Ciena股价过去一年上涨280%：到2028年是否仍有上涨空间？","2026-09-02 14:32:26","Ciena (CIEN) 股价在创纪录季度后报收于 $360。查看 TIKR 模型，了解 CIEN 的目标价、估值假设以及看涨\u002F看跌情景。",1069,"\u002Fblog\u002Fciena-cien-stock-valuation-analysis-2026","ciena-cien-stock-valuation-analysis-2026","images\u002FCIEN-stock_12839390aca\u002FCIEN-stock_12839390aca","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788357633\u002Fimages\u002FCIEN-stock_12839390aca\u002FCIEN-stock_12839390aca.png?_i=AA",{"altText":523},{"name":358,"slug":359,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":533},[],[535],{"name":518,"slug":519,"uri":520,"description":243,"postsCount":255},[],{"id":255,"title":538,"date":539,"excerpt":540,"wordCount":541,"uri":542,"slug":543,"cloudinaryAssetId":544,"featuredImageOriginalUrl":545,"featuredImageMetadata":546,"author":547,"categories":549,"relatedPosts":551},"Herc Holdings股票经历了一段艰难时期：车队需求能否推动其复苏？","2026-09-02 14:27:04","Herc Holdings (HRI) 股价现报141美元，此前公司上调了业绩指引。请查看TIKR模型，了解HRI的目标价、估值假设以及看涨\u002F看跌情景分析。",1028,"\u002Fblog\u002Fherc-holdings-hri-stock-valuation-analysis-2026","herc-holdings-hri-stock-valuation-analysis-2026","images\u002FHRI-stock_128389cbe43\u002FHRI-stock_128389cbe43","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788355904\u002Fimages\u002FHRI-stock_128389cbe43\u002FHRI-stock_128389cbe43.png?_i=AA",{"altText":538},{"name":358,"slug":359,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":548},[],[550],{"name":518,"slug":519,"uri":520,"description":243,"postsCount":255},[],{"id":255,"title":553,"date":554,"excerpt":555,"wordCount":556,"uri":557,"slug":558,"cloudinaryAssetId":559,"featuredImageOriginalUrl":560,"featuredImageMetadata":561,"author":562,"categories":564,"relatedPosts":566},"Robinhood股票过去6个月上涨32%，Robinhood到2030年是否仍有上涨空间？","2026-08-31 14:04:48","HOOD公布创纪录的第二季度营收和存款数据。以下是TIKR估值模型对Robinhood股票到2030年上行空间的预测。",1102,"\u002Fblog\u002Fhood-stock-robinhood-valuation-2030","hood-stock-robinhood-valuation-2030","images\u002FHOOD-stock_1280924420c\u002FHOOD-stock_1280924420c","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788177460\u002Fimages\u002FHOOD-stock_1280924420c\u002FHOOD-stock_1280924420c.png?_i=AA",{"altText":553},{"name":358,"slug":359,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":563},[],[565],{"name":518,"slug":519,"uri":520,"description":243,"postsCount":255},[],{"id":255,"title":568,"date":569,"excerpt":570,"wordCount":571,"uri":572,"slug":573,"cloudinaryAssetId":574,"featuredImageOriginalUrl":575,"featuredImageMetadata":576,"author":577,"categories":579,"relatedPosts":581},"Primoris Services 股价过去一年下跌39%，Primoris 是2026年的困境反转买入标的吗？","2026-08-31 14:03:53","PRIM股价因可再生能源项目成本超支下跌37%，但创纪录的订单积压讲述着不同的故事。以下是TIKR模型对上行空间的预测。",1115,"\u002Fblog\u002Fprim-stock-primoris-valuation-2030","prim-stock-primoris-valuation-2030","images\u002FPRIM-stock_1280482aa71\u002FPRIM-stock_1280482aa71","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788172918\u002Fimages\u002FPRIM-stock_1280482aa71\u002FPRIM-stock_1280482aa71.png?_i=AA",{"altText":568},{"name":358,"slug":359,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":578},[],[580],{"name":518,"slug":519,"uri":520,"description":243,"postsCount":255},[]]