Trade Desk Inc (NYSE:TTD)‘s stock had its “buy” rating restated by equities researchers at Needham & Company LLC in a note issued to investors on Friday. They presently have a $32.00 price target on the stock. Needham & Company LLC’s target price would suggest a potential upside of 24.18% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Susquehanna reaffirmed a “positive” rating and set a $40.00 price target on shares of Trade Desk in a report on Friday. RBC Capital Markets reaffirmed an “outperform” rating and set a $33.00 price target on shares of Trade Desk in a report on Friday. Raymond James Financial Inc. began coverage on Trade Desk in a report on Monday, October 17th. They set an “outperform” rating and a $31.00 price target on the stock. Royal Bank Of Canada began coverage on Trade Desk in a report on Monday, October 17th. They set an “outperform” rating and a $33.00 price target on the stock. Finally, Citigroup Inc. initiated coverage on Trade Desk in a report on Monday, October 17th. They set a “buy” rating and a $31.00 price target on the stock. Eight investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $33.13.

Analyst Recommendations for Trade Desk (NYSE:TTD)

Shares of Trade Desk (NYSE:TTD) opened at 25.77 on Friday. The company has a 50 day moving average price of $26.11 and a 200 day moving average price of $26.32. The stock’s market cap is $284.37 million. Trade Desk has a 12-month low of $22.00 and a 12-month high of $33.40.

Trade Desk (NYSE:TTD) last released its quarterly earnings results on Thursday, November 10th. The company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.03. The business had revenue of $53 million for the quarter. The company’s revenue was up 84.0% on a year-over-year basis. Analysts anticipate that Trade Desk will post $0.85 earnings per share for the current fiscal year.

In other Trade Desk news, Director Eric B. Paley sold 299,979 shares of the company’s stock in a transaction on Monday, September 26th. The stock was sold at an average price of $18.00, for a total value of $5,399,622.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. KCG Holdings Inc. bought a new position in Trade Desk during the third quarter valued at about $230,000. BlackRock Group LTD bought a new position in Trade Desk during the third quarter valued at about $265,000. Whale Rock Capital Management LLC bought a new position in Trade Desk during the third quarter valued at about $438,000. Gilder Gagnon Howe & Co. LLC bought a new position in Trade Desk during the third quarter valued at about $446,000. Finally, Jabre Capital Partners S.A. bought a new position in Trade Desk during the third quarter valued at about $584,000.

5 Day Chart for NYSE:TTD

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