Trade Desk (NASDAQ:TTD – Get Free Report) had its target price increased by Cantor Fitzgerald from $14.00 to $15.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. Cantor Fitzgerald‘s price objective indicates a potential downside of 2.72% from the company’s previous close.
Several other analysts have also recently weighed in on TTD. Rosenblatt Securities boosted their price target on Trade Desk from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday. Weiss Ratings restated a “sell (d)” rating on shares of Trade Desk in a research report on Friday, September 11th. Benchmark restated a “buy” rating and issued a $20.00 target price (down from $30.00) on shares of Trade Desk in a report on Monday, August 3rd. BMO Capital Markets cut Trade Desk from an “outperform” rating to a “market perform” rating and set a $15.00 target price for the company. in a research note on Friday, August 7th. Finally, UBS Group reiterated a “buy” rating and issued a $19.00 target price (up from $15.00) on shares of Trade Desk in a report on Tuesday. Four research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and nine have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $18.66.
View Our Latest Analysis on Trade Desk
Trade Desk Stock Up 3.3%
Shares of TTD stock opened at $15.42 on Wednesday. The firm has a market capitalization of $7.25 billion, a P/E ratio of 22.35, a P/E/G ratio of 1.61 and a beta of 0.98. Trade Desk has a twelve month low of $11.62 and a twelve month high of $45.50. The stock’s fifty day simple moving average is $13.13 and its 200 day simple moving average is $19.41.
Trade Desk (NASDAQ:TTD – Get Free Report) last issued its earnings results on Monday, November 9th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.29. The business had revenue of $735.97 million during the quarter, compared to analysts’ expectations of $650.93 million. Trade Desk had a return on equity of 14.64% and a net margin of 11.03%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. As a group, equities research analysts expect that Trade Desk will post 0.52 EPS for the current fiscal year.
Hedge Funds Weigh In On Trade Desk
Several institutional investors have recently made changes to their positions in the stock. Deane Retirement Strategies Inc. acquired a new position in Trade Desk during the 2nd quarter worth approximately $2,101,000. First Trust Advisors LP boosted its holdings in Trade Desk by 32.1% in the first quarter. First Trust Advisors LP now owns 1,448,758 shares of the technology company’s stock worth $32,872,000 after acquiring an additional 351,771 shares in the last quarter. Tidal Investments LLC boosted its holdings in Trade Desk by 148.0% in the second quarter. Tidal Investments LLC now owns 122,121 shares of the technology company’s stock worth $2,208,000 after acquiring an additional 72,888 shares in the last quarter. SEB Asset Management AB bought a new position in Trade Desk in the first quarter worth approximately $2,007,000. Finally, Hsbc Holdings PLC grew its stake in Trade Desk by 6.1% in the first quarter. Hsbc Holdings PLC now owns 1,083,635 shares of the technology company’s stock valued at $24,737,000 after acquiring an additional 62,672 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.
Trade Desk News Summary
Here are the key news stories impacting Trade Desk this week:
- Positive Sentiment: Q3 revenue was about $736 million, ahead of estimates, and adjusted EPS of $0.33 also topped expectations. Management forecast Q4 revenue of $755 million, above the roughly $692 million analyst consensus. Trade Desk Q3 Earnings & Revenues Beat Estimates, Down Y/Y
- Positive Sentiment: The company plans to cut about 15% of its workforce, targeting more than $100 million in gross savings in 2027, and expanded its share-repurchase authorization by $731 million. These steps may support efficiency and shareholder returns. Trade Desk: 3 Key Takeaways for Long-Term Investors
- Positive Sentiment: Unusually high call-option buying suggests some traders are positioning for further gains, though options activity is not a guarantee of future performance. Trade Desk Stock Sees Heavy Call Option Buying
- Neutral Sentiment: DA Davidson initiated coverage with a Neutral rating, reflecting a cautious stance despite the earnings beat. Trade Desk Stock Rated Neutral in New Coverage at DA Davidson
- Negative Sentiment: Underlying results remain pressured: revenue slipped 0.5% year over year and quarterly profit fell sharply. Analysts also cited competitive headwinds, while sluggish growth and execution remain concerns. Trade Desk Faces Competitive Headwinds Despite Political Ad Boost
- Negative Sentiment: Analyst views are mixed-to-cautious: Citi maintained a Sell rating despite raising its target to $12, below the cited share price. The Trade Desk: Rating Downgrade
About Trade Desk
The Trade Desk, Inc. provides a technology platform that helps advertisers and advertising agencies plan, buy, and measure digital advertising. Its self-service platform uses automated, data-driven tools to help clients purchase advertising inventory across channels such as connected TV, mobile, audio, and display. The company also offers tools for campaign management, audience targeting, measurement, and access to data and advertising inventory. Its platform is designed to help clients manage campaigns across multiple media channels and publishers.
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