Trade Desk (NASDAQ:TTD) Coverage Initiated by Analysts at DA Davidson

Posted by Stanley Muller on Nov 11th, 2026

DA Davidson initiated coverage on shares of Trade Desk (NASDAQ:TTD – Free Report) in a research report report published on Tuesday morning,FinViz reports. The brokerage issued a neutral rating on the technology company’s stock.

Other research analysts also recently issued research reports about the company. Royal Bank Of Canada increased their price target on Trade Desk from $15.00 to $18.00 and gave the company a “sector perform” rating in a research note on Tuesday. Wolfe Research restated an “outperform” rating and issued a $16.00 price target on shares of Trade Desk in a research report on Friday, August 7th. Evercore set a $14.00 price objective on Trade Desk in a research note on Tuesday, September 8th. Guggenheim lifted their price objective on Trade Desk from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Citigroup upped their price objective on Trade Desk from $11.00 to $12.00 and gave the company a “sell” rating in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and nine have given a Sell rating to the company. Based on data from MarketBeat, Trade Desk has an average rating of “Reduce” and a consensus target price of $18.64.

Get Our Latest Stock Report on Trade Desk

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $15.42 on Tuesday. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 22.35, a P/E/G ratio of 1.61 and a beta of 0.98. The company has a 50 day moving average of $13.13 and a 200-day moving average of $19.41. Trade Desk has a one year low of $11.62 and a one year high of $45.50.

Trade Desk (NASDAQ:TTD – Get Free Report) last announced its quarterly earnings data on Monday, November 9th. The technology company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.29. Trade Desk had a net margin of 11.03% and a return on equity of 14.64%. The business had revenue of $735.97 million for the quarter, compared to analyst estimates of $650.93 million. During the same period in the prior year, the business posted $0.45 earnings per share. Trade Desk’s revenue was down .5% compared to the same quarter last year. Equities research analysts anticipate that Trade Desk will post 0.52 earnings per share for the current year.

Institutional Investors Weigh In On Trade Desk

Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC grew its holdings in shares of Trade Desk by 59.0% in the 1st quarter. Renaissance Technologies LLC now owns 5,440,541 shares of the technology company’s stock valued at $123,446,000 after buying an additional 2,018,525 shares during the period. Bank of America Corp DE raised its stake in Trade Desk by 33.5% during 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 buying an additional 1,141,704 shares during the period. Amundi raised its stake in Trade Desk by 0.6% during the 1st quarter. Amundi now owns 3,056,305 shares of the technology company’s stock worth $69,348,000 after buying an additional 17,097 shares during the period. Bank of New York Mellon Corp bought a new position in Trade Desk during the second quarter worth about $39,750,000. Finally, Quantinno Capital Management LP lifted its holdings in Trade Desk by 330.0% during the first quarter. Quantinno Capital Management LP now owns 1,496,748 shares of the technology company’s stock worth $33,961,000 after acquiring an additional 1,148,680 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Key Trade Desk News

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

Positive Sentiment: Quarterly results topped estimates: Q3 revenue was about $736 million versus roughly $651 million expected, while adjusted earnings were $0.33 per share, above consensus. Management forecast Q4 revenue of $755 million, ahead of the roughly $692 million analyst estimate. Trade Desk Q3 Earnings & Revenues Beat Estimates, Down Y/Y
Positive Sentiment: Cost-cutting and capital returns may support the outlook: The company plans to reduce its workforce by 15%, targeting more than $100 million in gross savings in 2027, and expanded its share-repurchase authorization to $1 billion. Trade Desk: 3 Key Takeaways for Long-Term Investors
Positive Sentiment: Some analysts raised targets: RBC lifted its target to $18 while maintaining Sector Perform; Needham reaffirmed Buy with a $19 target. RBC Raises Price Target on Trade Desk
Neutral Sentiment: TTD Stock Rises Overnight After Q3 Beat
Negative Sentiment: Underlying performance remains a concern: Revenue slipped 0.5% year over year, and quarterly profit fell sharply. Analysts and investors remain focused on sluggish growth, execution, cost pressures, and intensifying competition. Trade Desk Faces Competitive Headwinds Despite Political Ad Boost
Negative Sentiment: Analyst views remain divided: Citigroup maintained a Sell rating despite raising its target to $12, while Wedbush kept Neutral at $15. Citigroup rating information

Trade Desk Company Profile

(Get Free Report)

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.