Analysts Set The Trade Desk (NASDAQ:TTD) Target Price at $76.56

by · The Cerbat Gem

Shares of The Trade Desk (NASDAQ:TTD – Get Free Report) have received an average recommendation of “Hold” from the thirty-five research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $74.0323.

Several research firms have recently commented on TTD. JMP Securities set a $60.00 price target on shares of Trade Desk and gave the stock a “market outperform” rating in a research report on Tuesday, September 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Trade Desk in a research note on Monday, December 29th. Benchmark raised Trade Desk from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Friday, November 7th. Wall Street Zen raised Trade Desk from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Citigroup restated an “outperform” rating on shares of Trade Desk in a research report on Tuesday, September 30th.

Get Our Latest Stock Report on Trade Desk

Trade Desk Trading Down 0.7%

Shares of Trade Desk stock opened at $37.68 on Thursday. The stock has a market capitalization of $18.22 billion, a price-to-earnings ratio of 43.31, a PEG ratio of 1.48 and a beta of 1.11. Trade Desk has a twelve month low of $35.65 and a twelve month high of $127.59. The business’s 50 day simple moving average is $41.03 and its 200-day simple moving average is $54.58.

Trade Desk (NASDAQ:TTD – Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The firm had revenue of $739.43 million during the quarter, compared to the consensus estimate of $719.11 million. During the same period in the prior year, the business earned $0.41 EPS. The firm’s revenue was up 17.7% on a year-over-year basis. Sell-side analysts predict that Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk declared that its board has initiated a stock buyback program on Thursday, November 6th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to buy up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Trade Desk

Several institutional investors have recently bought and sold shares of the stock. State Street Corp increased its stake in Trade Desk by 271.1% during the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock valued at $1,781,723,000 after buying an additional 26,559,005 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Trade Desk by 27.7% in the third quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock valued at $2,787,486,000 after acquiring an additional 12,321,000 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Trade Desk by 52.1% during the second quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock valued at $884,860,000 after acquiring an additional 4,218,975 shares during the period. Invesco Ltd. increased its stake in shares of Trade Desk by 101.0% during the third quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock valued at $333,659,000 after acquiring an additional 3,421,074 shares during the period. Finally, Norges Bank bought a new stake in Trade Desk during the second quarter worth approximately $197,362,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Company Profile

(Get Free Report)

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.

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