Trade Desk (NASDAQ:TTD) Price Target Raised to $12.00

Trade Desk (NASDAQ:TTD) had its price objective lifted by equities researchers at Citigroup from $11.00 to $12.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “sell” rating on the technology company’s stock. Citigroup‘s price objective would indicate a potential downside of 23.39% from the company’s previous close.

Several other research analysts have also recently weighed in on TTD. Evercore set a $14.00 price target on Trade Desk in a research note on Tuesday, September 8th. Morgan Stanley lifted their price objective on Trade Desk from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Tuesday. Cannonball Research downgraded Trade Desk from a “strong-buy” rating to a “neutral” rating and set a $15.00 target price on the stock. in a report on Friday, August 7th. Wedbush reissued a “neutral” rating and issued a $15.00 target price on shares of Trade Desk in a research report on Tuesday. Finally, Guggenheim boosted their price target on Trade Desk from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Tuesday. Four analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and nine have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trade Desk currently has an average rating of “Reduce” and an average price target of $18.64.

Trade Desk Stock Performance

Shares of TTD traded up $0.73 on Tuesday, hitting $15.66. 43,398,528 shares of the stock traded hands, compared to its average volume of 20,350,896. The company has a market capitalization of $7.36 billion, a PE ratio of 18.53, a P/E/G ratio of 1.43 and a beta of 0.98. The business has a 50 day simple moving average of $13.09 and a 200 day simple moving average of $19.52. Trade Desk has a one year low of $11.62 and a one year high of $45.50.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Monday, November 9th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.29. The business had revenue of $735.97 million for the quarter, compared to analysts’ expectations of $650.93 million. Trade Desk had a return on equity of 16.09% and a net margin of 13.61%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 EPS. On average, equities analysts expect that Trade Desk will post 0.52 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TTD. Bank of New York Mellon Corp bought a new position in shares of Trade Desk during the 2nd quarter valued at about $39,750,000. Renaissance Technologies LLC increased its holdings in shares of Trade Desk by 59.0% in the first quarter. Renaissance Technologies LLC now owns 5,440,541 shares of the technology company’s stock worth $123,446,000 after purchasing an additional 2,018,525 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Trade Desk by 1,090.7% in the third quarter. Public Sector Pension Investment Board now owns 1,451,653 shares of the technology company’s stock worth $17,785,000 after purchasing an additional 1,329,736 shares during the last quarter. Bank of Nova Scotia lifted its position in shares of Trade Desk by 1,913.4% in the first quarter. Bank of Nova Scotia now owns 1,394,787 shares of the technology company’s stock worth $31,648,000 after buying an additional 1,325,513 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of Trade Desk by 330.0% in the first quarter. Quantinno Capital Management LP now owns 1,496,748 shares of the technology company’s stock worth $33,961,000 after buying an additional 1,148,680 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Key Stories Impacting Trade Desk

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

• Positive Sentiment: Q3 revenue was about $736 million, above analysts’ expectations, while earnings of $0.33 per share also beat estimates. The company forecast Q4 revenue of $755 million, ahead of the roughly $692 million consensus—key reasons investors initially welcomed the results. Benzinga report on Q3 results and guidance
• Positive Sentiment: TTD expanded its share-repurchase authorization by $731 million, bringing the total to $1 billion. Management also expects a 15% workforce reduction to generate more than $100 million in gross savings in 2027, potentially improving efficiency. Share buyback announcement
• Neutral Sentiment: Analyst views remain mixed: RBC raised its price target to $18 while maintaining a Sector Perform rating, and Needham reiterated Buy with a $19 target; other firms kept neutral or equal-weight ratings, with targets including $14–$16. RBC price-target update
• Negative Sentiment: Despite the beats, revenue declined 0.5% year over year, and reports highlighted a sharp fall in quarterly profit and weak EBITDA. Investors remain concerned that growth is sluggish and that execution must improve; management acknowledged the business is still growing below its desired pace. Report on revenue and profit Q3 call takeaways

Trade Desk Company Profile

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.