The Trade Desk’s (NASDAQ:TTD) 45% weekly gain in the last week is nothing short of impressive. The company posted a strong Q3/2020 report. Did investors miss out?

TTD posted revenue growth of 31.6% Y/Y. It earned $1.27 a share (non-GAAP). Connected TV grew by over 100% while both audio and mobile video spend rose 70% each. As long as the macro trend in online advertising continues, TTD stock should trend higher. Its market cap of $42 billion is relatively small compared to Google (NASDAQ:GOOG). What looked like excess valuations ahead of the earnings report proved too conservative. Amazon and Tesla are examples of stocks whose forward growth consistently justified current value.

TTD stock is a hold.

In the network space, Ubiquiti (NYSE:UI) rose by 32% last week after results beat expectations. It earned $2.46 a share (GAAP basis) after revenue grew by 46.5% Y/Y. Investors who listened to analysts would have missed the multi-year gains from this well-run company. Under CEO Pera’s leadership, the company is executing on a growth business model. Its focus on improving products and introducing new ones, investment in engineering staff, and a strong performing sales team is paying off.