Citigroup Cuts Trade Desk (NASDAQ:TTD) Price Target to $38.00

Trade Desk (NASDAQ:TTD) had its price target reduced by Citigroup from $50.00 to $38.00 in a report issued on Tuesday morning,Benzinga reports. Citigroup currently has a neutral rating on the technology company’s stock.

A number of other equities analysts have also commented on the company. Rosenblatt Securities dropped their price objective on Trade Desk from $64.00 to $53.00 and set a “buy” rating on the stock in a research note on Tuesday. Wedbush cut their price target on Trade Desk from $50.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, December 8th. Stifel Nicolaus set a $74.00 price objective on Trade Desk and gave the company a “buy” rating in a research report on Friday, January 23rd. Susquehanna lowered their price objective on shares of Trade Desk from $135.00 to $85.00 and set a “positive” rating on the stock in a research note on Friday, November 7th. Finally, Cannonball Research upgraded shares of Trade Desk to a “strong-buy” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $65.53.

Trade Desk Trading Down 1.9%

NASDAQ TTD opened at $31.25 on Tuesday. Trade Desk has a 1 year low of $30.82 and a 1 year high of $125.80. The company has a fifty day simple moving average of $37.44 and a 200 day simple moving average of $49.94. The company has a market cap of $15.11 billion, a P/E ratio of 35.92, a P/E/G ratio of 1.25 and a beta of 1.11.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The firm had revenue of $739.43 million for the quarter, compared to the consensus estimate of $719.11 million. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. Equities research analysts forecast that Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has approved a stock repurchase program on Thursday, November 6th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Trade Desk

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Trade Desk by 27.7% during the 3rd quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock worth $2,787,486,000 after acquiring an additional 12,321,000 shares during the period. State Street Corp raised its position in Trade Desk by 271.1% in the third quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock worth $1,781,723,000 after purchasing an additional 26,559,005 shares in the last quarter. Jennison Associates LLC raised its position in 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 purchasing an additional 2,169,252 shares in the last quarter. Geode Capital Management LLC lifted its stake in Trade Desk by 52.1% during the second quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock worth $884,860,000 after purchasing an additional 4,218,975 shares during the period. Finally, Brown Advisory Inc. boosted its holdings in Trade Desk by 2.7% during the second quarter. Brown Advisory Inc. now owns 8,323,522 shares of the technology company’s stock valued at $599,212,000 after purchasing an additional 221,228 shares in the last quarter. 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: Xumo announced that advertisers can now access its premium streaming inventory directly via The Trade Desk’s OpenPath, which strengthens TTD’s supply relationships and programmatic streaming positioning. Xumo Expands Direct Access to Premium Streaming Inventory via The Trade Desk’s OpenPath
• Neutral Sentiment: Stifel’s Mark Kelley kept a Buy rating but cut his price target (from $90 to $74), signaling confidence in TTD’s long-term opportunity while tempering near-term upside. Optimism for Trade Desk (TTD) Following Solid Results Preview
• Neutral Sentiment: Scotiabank assigned a Hold to TTD, which signals caution but is not an active sell signal for investors weighing exposure. Trade Desk (TTD) Receives a Hold from Scotiabank
• Negative Sentiment: Citi issued a pessimistic forecast for TTD’s stock, contributing to bearish analyst momentum and downward pressure on the share price. Citigroup Issues Pessimistic Forecast for Trade Desk (NASDAQ:TTD) Stock Price
• Negative Sentiment: Rosenblatt cut its expectations for Trade Desk, adding to the string of lowered analyst outlooks. Rosenblatt Securities Has Lowered Expectations for Trade Desk (NASDAQ:TTD) Stock Price
• Negative Sentiment: CFRA moved from a “moderate buy” to a “hold” (and later reaffirmed the hold), reflecting reduced conviction from a previously more bullish analyst and signaling less near-term support. Cfra Reaffirms “Hold” Rating for Trade Desk (NASDAQ:TTD)
• Negative Sentiment: Coverage roundups and market stories note TTD hit a one-year low after the analyst downgrades, amplifying selling pressure and headline-driven volatility. Trade Desk (NASDAQ:TTD) Hits New 1-Year Low on Analyst Downgrade
• Negative Sentiment: Market commentary (e.g., Yahoo Finance) ties today’s share weakness to the cluster of downgrades and target cuts, which has pressured sentiment despite recent solid quarterly results. Why The Trade Desk Stock Is Plummeting Today

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.