Truist Financial Lowers Trade Desk (NASDAQ:TTD) Price Target to $85.00

Trade Desk (NASDAQ:TTD) had its target price decreased by research analysts at Truist Financial from $100.00 to $85.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Truist Financial’s price objective suggests a potential upside of 98.52% from the company’s current price.

Several other brokerages also recently issued reports on TTD. BTIG Research downgraded Trade Desk from a “buy” rating to a “neutral” rating in a research report on Friday, August 8th. Benchmark upgraded Trade Desk from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Friday. Citigroup reaffirmed an “outperform” rating on shares of Trade Desk in a research report on Tuesday, September 30th. Rosenblatt Securities dropped their price objective on shares of Trade Desk from $78.00 to $64.00 and set a “buy” rating on the stock in a report on Friday. Finally, Oppenheimer upped their price objective on shares of Trade Desk from $80.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, July 29th. Twenty-one analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $80.76.

Trade Desk Price Performance

Trade Desk stock traded down $3.08 during midday trading on Friday, reaching $42.82. The stock had a trading volume of 20,006,756 shares, compared to its average volume of 12,056,579. The firm’s fifty day simple moving average is $50.03 and its two-hundred day simple moving average is $62.66. The firm has a market cap of $20.93 billion, a price-to-earnings ratio of 51.78, a PEG ratio of 2.55 and a beta of 1.43. Trade Desk has a twelve month low of $41.77 and a twelve month high of $141.53.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $739.43 million for the quarter, compared to analyst estimates of $719.11 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.Trade Desk’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 earnings per share. Trade Desk has set its Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Trade Desk will post 1.06 EPS for the current fiscal year.

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

Insider Activity at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the transaction, the director owned 5,035 shares in the company, valued at $242,687. The trade was a 21.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Trade Desk by 27.7% in the 3rd quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock valued at $2,787,486,000 after buying an additional 12,321,000 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Trade Desk by 17.9% in the second quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock worth $1,027,114,000 after acquiring an additional 2,169,252 shares during the period. Geode Capital Management LLC lifted its stake in shares of Trade Desk by 52.1% in the second quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock worth $884,860,000 after acquiring an additional 4,218,975 shares during the period. Brown Advisory Inc. boosted its holdings in Trade Desk by 2.7% in the second quarter. Brown Advisory Inc. now owns 8,323,522 shares of the technology company’s stock valued at $599,212,000 after acquiring an additional 221,228 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Trade Desk during the 1st quarter valued at approximately $191,935,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

About Trade Desk

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.