The Trade Desk (NASDAQ:TTD) Stock Has Average Target Price of $18.19

The Trade Desk (NASDAQ:TTD) has received a consensus rating of “Reduce” from the thirty-nine research firms that are presently covering the stock, Marketbeat.com reports. Ten analysts have rated the stock with a sell rating, twenty-five have given a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $18.19.

Several equities analysts have recently commented on TTD shares. Truist Financial set a $16.00 price objective on Trade Desk and gave the company a “hold” rating in a research report on Friday, August 7th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $15.00 price objective on shares of Trade Desk in a research report on Wednesday, September 9th. Wells Fargo & Company set a $12.00 target price on shares of Trade Desk and gave the stock an “equal weight” rating in a report on Friday, August 7th. Cantor Fitzgerald dropped their target price on shares of Trade Desk from $20.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, August 7th. Finally, Moffett Nathanson set a $6.00 target price on shares of Trade Desk in a research report on Friday, August 7th.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $12.09 on Friday. The stock’s fifty day moving average is $14.07 and its 200 day moving average is $18.37. Trade Desk has a one year low of $11.62 and a one year high of $55.11. The stock has a market cap of $5.68 billion, a P/E ratio of 14.39, a P/E/G ratio of 1.33 and a beta of 1.00.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). The company had revenue of $715.06 million for the quarter, compared to the consensus estimate of $752.41 million. Trade Desk had a net margin of 13.61% and a return on equity of 16.09%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. Analysts predict that Trade Desk will post 0.51 EPS for the current year.

Key Trade Desk News

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

• Positive Sentiment: DA Davidson upgraded TTD to “Hold.” The change from a more bearish rating removes some sell-side pressure, although “Hold” still signals limited conviction in a near-term rebound. Trade Desk Upgraded to Hold at DA Davidson
• Positive Sentiment: TTD showed relative strength during a weaker market session. The company’s gain despite a market decline may have attracted short-term buyers and helped improve sentiment toward the ad-tech stock. Why the Market Dipped But The Trade Desk Gained Today
• Neutral Sentiment: Increased investor attention is driving discussion around TTD, but the coverage offers no new fundamental catalyst. Investors remain focused on the company’s growth prospects, valuation and ability to recover from its recent selloff. The Trade Desk Is Attracting Investor Attention
• Negative Sentiment: Olyzon launched an agentic media-orchestration platform designed to optimize advertising campaigns across connected TV, YouTube, social, audio and digital out-of-home channels. The new platform could increase competitive pressure on The Trade Desk’s advertising technology ecosystem. Olyzon Launches Agentic Orchestration Platform
• Negative Sentiment: September’s selloff reflected several negative developments affecting the ad-tech specialist, reinforcing concerns about slowing growth and execution. Those concerns are particularly significant after the company recently missed consensus revenue and earnings expectations. Why The Trade Desk Stock Tumbled in September

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its holdings in shares of Trade Desk by 59.0% during the 1st quarter. Renaissance Technologies LLC now owns 5,440,541 shares of the technology company’s stock worth $123,446,000 after acquiring an additional 2,018,525 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Trade Desk by 33.5% in the 1st quarter. Bank of America Corp DE now owns 4,548,894 shares of the technology company’s stock worth $103,214,000 after acquiring an additional 1,141,704 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Trade Desk by 941.8% in the first quarter. Assenagon Asset Management S.A. now owns 3,219,046 shares of the technology company’s stock worth $73,040,000 after purchasing an additional 2,910,064 shares during the last quarter. Barclays PLC lifted its stake in shares of Trade Desk by 2.6% during the 4th quarter. Barclays PLC now owns 3,128,361 shares of the technology company’s stock worth $118,753,000 after acquiring an additional 79,923 shares during the last quarter. Finally, Amundi lifted its position in shares of Trade Desk by 0.6% during the first quarter. Amundi now owns 3,056,305 shares of the technology company’s stock worth $69,348,000 after purchasing an additional 17,097 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

About Trade Desk

The Trade Desk, Inc is a technology company that operates a cloud-based advertising platform. Its demand-side platform enables advertising agencies and brands to plan, purchase, optimize and measure digital advertising campaigns across channels, including connected television, display, video, audio, mobile and social media.

The company provides tools for audience targeting, campaign management, data analysis and performance measurement. Its platform is designed to help advertisers purchase digital media across multiple publishers and formats, while supporting programmatic advertising and data-driven decision-making.