Investment Analysts’ Recent Ratings Updates for Trade Desk (TTD)

A number of research firms have changed their ratings and price targets for Trade Desk (NASDAQ: TTD):

• 11/11/2024 – Trade Desk had its price target raised by analysts at Loop Capital from $120.00 to $145.00. They now have a “buy” rating on the stock.
• 11/11/2024 – Trade Desk had its price target raised by analysts at DA Davidson from $108.00 to $134.00. They now have a “buy” rating on the stock.
• 11/8/2024 – Trade Desk had its “sell” rating reaffirmed by analysts at Benchmark Co.. They now have a $57.00 price target on the stock.
• 11/8/2024 – Trade Desk had its price target raised by analysts at Susquehanna from $135.00 to $150.00. They now have a “positive” rating on the stock.
• 11/8/2024 – Trade Desk had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $140.00 price target on the stock, up previously from $110.00.
• 11/8/2024 – Trade Desk had its price target raised by analysts at Macquarie from $130.00 to $133.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Trade Desk had its price target raised by analysts at Oppenheimer Holdings Inc. from $120.00 to $135.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Trade Desk had its price target raised by analysts at Wedbush from $115.00 to $135.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Trade Desk had its price target raised by analysts at Robert W. Baird from $130.00 to $140.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Trade Desk had its price target raised by analysts at UBS Group AG from $140.00 to $150.00. They now have a “buy” rating on the stock.
• 11/8/2024 – Trade Desk had its price target raised by analysts at Truist Financial Co. from $120.00 to $135.00. They now have a “buy” rating on the stock.
• 10/30/2024 – Trade Desk had its price target raised by analysts at BTIG Research from $114.00 to $142.00. They now have a “buy” rating on the stock.
• 10/29/2024 – Trade Desk was downgraded by analysts at New Street Research from a “neutral” rating to a “sell” rating. They now have a $86.00 price target on the stock.
• 10/28/2024 – Trade Desk is now covered by analysts at Wells Fargo & Company. They set an “overweight” rating and a $150.00 price target on the stock.
• 10/16/2024 – Trade Desk had its price target raised by analysts at Citigroup Inc. from $115.00 to $140.00. They now have a “buy” rating on the stock.
• 10/14/2024 – Trade Desk had its price target raised by analysts at Stifel Nicolaus from $111.00 to $136.00. They now have a “buy” rating on the stock.
• 10/11/2024 – Trade Desk had its price target raised by analysts at Macquarie from $115.00 to $130.00. They now have an “outperform” rating on the stock.
• 10/9/2024 – Trade Desk had its price target raised by analysts at KeyCorp from $115.00 to $130.00. They now have an “overweight” rating on the stock.
• 10/7/2024 – Trade Desk had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $110.00 price target on the stock.
• 10/2/2024 – Trade Desk had its price target raised by analysts at Truist Financial Co. from $108.00 to $120.00. They now have a “buy” rating on the stock.
• 10/2/2024 – Trade Desk was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/1/2024 – Trade Desk had its price target raised by analysts at Needham & Company LLC from $115.00 to $125.00. They now have a “buy” rating on the stock.
• 9/30/2024 – Trade Desk had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $110.00 price target on the stock.
• 9/24/2024 – Trade Desk was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 9/23/2024 – Trade Desk had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $110.00 price target on the stock.
• 9/23/2024 – Trade Desk is now covered by analysts at Moffett Nathanson. They set a “neutral” rating and a $100.00 price target on the stock.
• 9/16/2024 – Trade Desk was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 9/12/2024 – Trade Desk had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $115.00 price target on the stock, up previously from $110.00.

Trade Desk Trading Up 3.4 %

Trade Desk stock traded up $4.21 during mid-day trading on Monday, reaching $129.34. The company’s stock had a trading volume of 6,752,758 shares, compared to its average volume of 3,831,983. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $132.65. The business has a 50 day moving average price of $112.83 and a 200-day moving average price of $101.27. The firm has a market cap of $63.58 billion, a price-to-earnings ratio of 212.03, a PEG ratio of 6.02 and a beta of 1.47.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a net margin of 13.34% and a return on equity of 13.73%. The business had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. On average, equities analysts expect that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Jeffrey Terry Green sold 135,922 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the transaction, the chief executive officer now directly owns 664,261 shares in the company, valued at $68,897,150.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Jeffrey Terry Green sold 135,922 shares of Trade Desk stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the transaction, the chief executive officer now directly owns 664,261 shares of the company’s stock, valued at $68,897,150.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the sale, the director now directly owns 28,636 shares of the company’s stock, valued at $3,375,898.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,557,897 shares of company stock valued at $170,121,565 in the last three months. 9.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TTD. Intech Investment Management LLC grew its holdings in shares of Trade Desk by 1.3% in the 3rd quarter. Intech Investment Management LLC now owns 20,119 shares of the technology company’s stock worth $2,206,000 after acquiring an additional 261 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new position in Trade Desk in the 3rd quarter worth about $257,000. Moors & Cabot Inc. lifted its stake in Trade Desk by 10.0% during the third quarter. Moors & Cabot Inc. now owns 5,241 shares of the technology company’s stock valued at $575,000 after buying an additional 475 shares in the last quarter. Kirtland Hills Capital Management LLC boosted its holdings in shares of Trade Desk by 6.3% in the third quarter. Kirtland Hills Capital Management LLC now owns 10,439 shares of the technology company’s stock worth $1,145,000 after buying an additional 619 shares during the period. Finally, Jennison Associates LLC boosted its holdings in shares of Trade Desk by 11.0% in the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after buying an additional 2,013,047 shares during the period. Institutional investors own 67.77% of the company’s stock.

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.