Brokerages Set The Trade Desk (NASDAQ:TTD) Target Price at $41.38

Shares of The Trade Desk (NASDAQ:TTD) have been assigned a consensus recommendation of “Hold” from the thirty-eight research firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, twenty-two have assigned a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $37.7941.

Several equities research analysts have commented on the company. KeyCorp lowered Trade Desk from an “overweight” rating to a “sector weight” rating in a research note on Friday. Scotiabank restated a “sector perform” rating and set a $32.00 price target (down from $60.00) on shares of Trade Desk in a research note on Thursday, February 26th. UBS Group set a $31.00 price target on Trade Desk and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Stifel Nicolaus set a $21.00 price target on Trade Desk in a research note on Friday. Finally, Citigroup restated a “neutral” rating on shares of Trade Desk in a research note on Friday.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $23.00 on Wednesday. The firm has a market capitalization of $10.95 billion, a PE ratio of 26.14, a P/E/G ratio of 0.94 and a beta of 1.10. The business has a 50-day moving average of $23.73 and a two-hundred day moving average of $32.86. Trade Desk has a 12 month low of $19.74 and a 12 month high of $91.45.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.24). The firm had revenue of $688.86 million for the quarter, compared to analyst estimates of $678.87 million. Trade Desk had a return on equity of 16.68% and a net margin of 14.57%.The business’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 earnings per share. As a group, research analysts anticipate that Trade Desk will post 1.27 earnings per share for the current year.

Trade Desk announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 25th that authorizes the company to repurchase $350.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

More Trade Desk News

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

• Positive Sentiment: Benchmark, Guggenheim, Needham, and other firms kept bullish ratings on TTD even after cutting price targets, suggesting analysts still see upside from current levels. Benchmark price target cut article
• Positive Sentiment: Despite the selloff, revenue growth remained solid, helped by AI-related launches, strategic partnerships, and continued strength in connected TV advertising. Zacks earnings article
• Neutral Sentiment: Trade Desk also held its annual stockholder meeting and approved directors and governance matters, which is not likely to move the stock much. Stockholder approval article
• Negative Sentiment: Multiple firms downgraded or cut targets after the weak guide, reinforcing concerns that ad-tech demand is slowing and agency-client uncertainty is weighing on the business. Analyst downgrades article
• Negative Sentiment: Commentary from Jim Cramer and other market coverage highlighted Trade Desk as a lagging name in digital advertising after the earnings miss, adding to bearish sentiment. Cramer red flag article

Insider Buying and Selling at Trade Desk

In other news, Director Kathryn E. Falberg sold 50,000 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $30.48, for a total value of $1,524,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.41% of the stock is owned by insiders.

Institutional Investors Weigh In On Trade Desk

Institutional investors and hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in Trade Desk by 62.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,743 shares of the technology company’s stock worth $8,515,000 after purchasing an additional 66,672 shares in the last quarter. Jacobson & Schmitt Advisors LLC increased its holdings in Trade Desk by 19.6% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 289,574 shares of the technology company’s stock worth $14,192,000 after purchasing an additional 47,539 shares in the last quarter. State of Michigan Retirement System bought a new position in Trade Desk during the 3rd quarter worth about $5,906,000. Ashton Thomas Private Wealth LLC increased its holdings in Trade Desk by 272.9% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 68,607 shares of the technology company’s stock worth $2,604,000 after purchasing an additional 50,209 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in Trade Desk by 190.1% during the 3rd quarter. Amalgamated Bank now owns 97,918 shares of the technology company’s stock worth $4,799,000 after purchasing an additional 64,159 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

About Trade Desk

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.