Trade Desk Inc (TTD) Earns Outperform Rating from Analysts at Royal Bank Of Canada
Research analysts at Royal Bank Of Canada began coverage on shares of Trade Desk Inc (NYSE:TTD) in a report issued on Monday. The brokerage set an “outperform” rating and a $33.00 price target on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 25.19% from the company’s current price.
Several other analysts have also recently issued reports on the company. Cantor Fitzgerald initiated coverage on Trade Desk in a research report on Wednesday, October 5th. They set a “buy” rating and a $30.00 target price for the company. Susquehanna assumed coverage on Trade Desk in a research note on Friday, September 23rd. They set a “positive” rating and a $40.00 price target for the company. RBC Capital Markets assumed coverage on Trade Desk in a research note on Monday. They set an “outperform” rating for the company. Jefferies Group assumed coverage on Trade Desk in a research note on Monday. They set a “buy” rating for the company. Finally, Citigroup Inc. assumed coverage on Trade Desk in a research note on Monday. They set a “buy” rating for the company. Seven equities research analysts have rated the stock with a buy rating, Trade Desk presently has a consensus rating of “Buy” and an average price target of $33.75.
Trade Desk (NYSE:TTD) opened at 26.36 on Monday. The stock’s market capitalization is $290.88 million. Trade Desk has a 1-year low of $23.50 and a 1-year high of $33.40. The stock’s 50 day moving average price is $27.41 and its 200 day moving average price is $27.41.
In related news, Director Eric B. Paley sold 299,979 shares of the stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $18.00, for a total transaction of $5,399,622.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Receive News & Stock Ratings for Trade Desk Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trade Desk Inc and related stocks with our FREE daily email newsletter.