Investment analysts at Needham & Company LLC initiated coverage on shares of Trade Desk Inc (NYSE:TTD) in a report issued on Monday. The brokerage set a “buy” rating and a $32.00 price target on the stock. Needham & Company LLC’s price target would suggest a potential upside of 23.65% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Cantor Fitzgerald initiated coverage on shares of Trade Desk in a research report on Wednesday, October 5th. They set a “buy” rating and a $30.00 price objective for the company. Susquehanna initiated coverage on shares of Trade Desk in a research report on Friday, September 23rd. They set a “positive” rating and a $40.00 price objective for the company. RBC Capital Markets initiated coverage on shares of Trade Desk in a research report on Monday. They set an “outperform” rating and a $33.00 price objective for the company. Jefferies Group started coverage on shares of Trade Desk in a research report on Monday. They set a “buy” rating and a $35.00 price target for the company. Finally, Citigroup Inc. started coverage on shares of Trade Desk in a research report on Monday. They set a “buy” rating and a $31.00 price target for the company. Eight investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of $33.13.

Analyst Recommendations for Trade Desk (NYSE:TTD)

Shares of Trade Desk (NYSE:TTD) opened at 25.88 on Monday. The stock’s market cap is $285.59 million. Trade Desk has a 52-week low of $23.50 and a 52-week high of $33.40. The company’s 50-day moving average is $27.28 and its 200-day moving average is $27.28.

In other Trade Desk news, Director Eric B. Paley sold 299,979 shares of the company’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $18.00, for a total value of $5,399,622.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

5 Day Chart for NYSE:TTD

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