Trade Desk (NASDAQ:TTD) Price Target Cut to $35.00 by Analysts at KeyCorp

Trade Desk (NASDAQ:TTD) had its target price lowered by research analysts at KeyCorp from $40.00 to $35.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. KeyCorp’s price objective would indicate a potential upside of 50.72% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Citigroup dropped their target price on Trade Desk from $50.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, January 27th. Wells Fargo & Company dropped their price objective on Trade Desk from $42.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday. Moffett Nathanson reiterated a “neutral” rating and issued a $32.00 target price on shares of Trade Desk in a research note on Thursday. Cfra reissued a “hold” rating and set a $40.00 price target on shares of Trade Desk in a research report on Tuesday, January 27th. Finally, Needham & Company LLC cut their price target on shares of Trade Desk from $60.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $44.55.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $23.22 on Monday. The company has a 50-day moving average price of $32.27 and a 200-day moving average price of $41.72. The stock has a market capitalization of $11.23 billion, a P/E ratio of 26.09, a P/E/G ratio of 0.97 and a beta of 1.10. Trade Desk has a 1 year low of $21.08 and a 1 year high of $91.45.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.59. The company had revenue of $846.79 million for the quarter, compared to analyst estimates of $840.56 million. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 EPS. As a group, equities research analysts anticipate that Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has initiated a stock buyback program on Thursday, November 6th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to buy up to 2.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Trade Desk

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Trade Desk by 0.7% in the second quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company’s stock worth $3,207,504,000 after acquiring an additional 317,107 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Trade Desk by 327.3% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,121,436 shares of the technology company’s stock worth $80,732,000 after purchasing an additional 858,978 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Trade Desk by 62.3% in 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 during the period. Jacobson & Schmitt Advisors LLC boosted its stake in shares of Trade Desk by 19.6% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 289,574 shares of the technology company’s stock valued at $14,192,000 after purchasing an additional 47,539 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in Trade Desk by 22.9% in the second quarter. Panagora Asset Management Inc. now owns 996,787 shares of the technology company’s stock worth $71,759,000 after buying an additional 185,552 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Key Stories Impacting Trade Desk

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

• Positive Sentiment: The Trade Desk launched the Ventura CTV Ecosystem — a partnership with TV OSes and ad-tech platforms using TTD’s identity and transparency tools to create a more efficient, revenue-optimized programmatic CTV marketplace; this could help restore advertiser trust and drive CTV monetization over time. Trade Desk’s Ventura CTV Ecosystem Tests Strength Of Independent Model
• Neutral Sentiment: TTD was highlighted in a Seeking Alpha “Undercovered Dozen” roundup — increased coverage can attract investor attention but doesn’t immediately change fundamentals. Undercovered Dozen: Blue Owl Capital, The Trade Desk, Applied Optoelectronics And More
• Negative Sentiment: A broad set of brokerages cut price targets on TTD (RBC, Oppenheimer, Wells Fargo, UBS, DA Davidson, BMO, Truist, Needham, Stifel, Rosenblatt), signaling reduced near-term expectations and contributing to selling pressure. Royal Bank Of Canada Cuts Trade Desk (NASDAQ:TTD) Price Target to $40.00 Oppenheimer Cuts Trade Desk (NASDAQ:TTD) Price Target to $35.00 Wells Fargo & Company Cuts Trade Desk (NASDAQ:TTD) Price Target to $25.00 UBS Group Cuts Trade Desk (NASDAQ:TTD) Price Target to $44.00 DA Davidson Cuts Trade Desk (NASDAQ:TTD) Price Target to $32.00 BMO Capital Markets Cuts Trade Desk (NASDAQ:TTD) Price Target to $55.00 Truist Financial Cuts Trade Desk (NASDAQ:TTD) Price Target to $50.00 Needham & Company LLC Cuts Trade Desk (NASDAQ:TTD) Price Target to $32.00 Stifel Nicolaus Cuts Trade Desk (NASDAQ:TTD) Price Target to $48.00 Rosenblatt Securities Cuts Trade Desk (NASDAQ:TTD) Price Target to $36.00
• Negative Sentiment: TipRanks flagged a new operational/reputational risk around evolving impression-counting standards and disputes — this could pressure margins or client trust if industry standards shift or disputes rise. Evolving Impression Standards Raise Operational and Reputational Risks for The Trade Desk

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.