Trade Desk (NASDAQ:TTD) Price Target Cut to $35.00 by Analysts at Oppenheimer

Trade Desk (NASDAQ:TTD) had its price target decreased by investment analysts at Oppenheimer from $70.00 to $35.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price target would suggest a potential upside of 48.32% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. New Street Research cut Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 price objective for the company. in a research note on Thursday. DA Davidson lowered their price objective on shares of Trade Desk from $80.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, November 10th. KeyCorp reaffirmed an “overweight” rating and issued a $40.00 price objective (down from $88.00) on shares of Trade Desk in a research note on Tuesday, February 3rd. Needham & Company LLC decreased their target price on shares of Trade Desk from $60.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Moffett Nathanson reaffirmed a “neutral” rating and issued a $32.00 price target on shares of Trade Desk in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $47.21.

Trade Desk Stock Performance

Shares of NASDAQ TTD traded down $1.56 during midday trading on Thursday, reaching $23.60. The stock had a trading volume of 36,286,565 shares, compared to its average volume of 14,755,853. The company’s 50 day moving average price is $32.81 and its 200 day moving average price is $42.22. Trade Desk has a twelve month low of $21.08 and a twelve month high of $91.45. The firm has a market cap of $11.41 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 0.98 and a beta of 1.10.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.59. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The business had revenue of $846.79 million during the quarter, compared to the consensus estimate of $840.56 million. During the same quarter last year, the firm earned $0.59 earnings per share. Trade Desk’s quarterly revenue was up 14.3% on a year-over-year basis. Equities analysts forecast that Trade Desk will post 1.06 earnings per share for the current fiscal year.

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

Institutional Investors Weigh In On Trade Desk

A number of hedge funds have recently made changes to their positions in TTD. Family Legacy Financial Solutions LLC grew its position in Trade Desk by 163.2% during the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after buying an additional 310 shares during the period. Versant Capital Management Inc boosted its stake in Trade Desk by 175.8% in the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after acquiring an additional 334 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Trade Desk during the 3rd quarter valued at approximately $26,000. Elevation Wealth Partners LLC increased its stake in shares of Trade Desk by 2,382.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock worth $27,000 after purchasing an additional 691 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Trade Desk in the 2nd quarter worth approximately $28,000. 67.77% of the stock is currently owned by institutional investors.

Key Trade Desk News

Here are the key news stories impacting Trade Desk this week:

• Positive Sentiment: The board approved a $350 million share‑repurchase program (≈2.9% of shares outstanding), which signals management thinks the stock is undervalued and can support buyback-driven EPS support. RTT News – Buyback
• Positive Sentiment: Product/market progress: The company rolled out the Ventura Ecosystem (aimed at boosting CTV transparency and CPMs), and audio continues to show momentum as an emerging growth driver — positive for longer-term monetization of CTV/audio inventory. Yahoo Finance – Ventura Ecosystem
• Neutral Sentiment: Q4 results: Revenue rose ~14% to $846.8M (slightly above consensus) and EPS of $0.59 met estimates — a near-term beat but not enough to offset the weaker forward view. Company Press Release / Q4 Slides
• Negative Sentiment: Weak Q1 guidance: TTD guided Q1 revenue below Street expectations (revenue guidance ~$678M vs. consensus ~$687M) and warned of continued pressure from categories like automotive and packaged goods — the soft outlook is the primary reason shares fell today. Proactive – Beats Q4, warns on Q1
• Negative Sentiment: Profitability guidance hit: Management said adjusted EBITDA will be significantly lower (reports say roughly a 50% cut to adjusted EBITDA guidance), which amplified downside because it implies margin pressure even as revenues grow. The Motley Fool – EBITDA Guidance
• Negative Sentiment: Analysts revising views: Multiple firms cut price targets and/or ratings after the print (examples include downgrades/target cuts reported via Benzinga, TipRanks and others), increasing sell‑side uncertainty and pressure on the stock. Benzinga – Analyst Moves
• Negative Sentiment: Market reaction: Heavy premarket/options selling and reports of double‑digit premarket declines reflect short‑term positioning and investor concern about whether Trade Desk can sustain high‑teens revenue growth; this magnifies volatility after the guidance miss. TipRanks – PreMarket Reaction

About Trade Desk

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.