Trade Desk (NASDAQ:TTD) Stock Price Expected to Rise, Piper Sandler Analyst Says

Trade Desk (NASDAQ:TTD) had its price target increased by analysts at Piper Sandler from $14.00 to $16.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Piper Sandler‘s target price points to a potential downside of 2.04% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on TTD. Zacks Research upgraded shares of Trade Desk from a “strong sell” rating to a “hold” rating in a research note on Friday, October 9th. Cantor Fitzgerald upped their price objective on shares of Trade Desk from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday. DA Davidson assumed coverage on shares of Trade Desk in a research report on Tuesday. They issued a “neutral” rating for the company. HSBC cut shares of Trade Desk from a “hold” rating to a “reduce” rating and set a $10.00 target price on the stock. in a research note on Monday, August 10th. Finally, UBS Group restated a “buy” rating and set a $19.00 price target (up from $15.00) on shares of Trade Desk in a research report on Tuesday. Four 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $18.43.

Trade Desk Price Performance

TTD opened at $16.33 on Wednesday. The stock’s 50 day moving average price is $13.13 and its 200 day moving average price is $19.41. The stock has a market cap of $7.67 billion, a P/E ratio of 23.32, a P/E/G ratio of 1.61 and a beta of 0.98. Trade Desk has a 12 month low of $11.62 and a 12 month high of $45.50.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Monday, November 9th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.29. Trade Desk had a return on equity of 14.64% and a net margin of 11.03%. The company had revenue of $735.97 million during the quarter, compared to analyst estimates of $650.93 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. Equities analysts anticipate that Trade Desk will post 0.52 EPS for the current year.

Hedge Funds Weigh In On Trade Desk

Several hedge funds have recently modified their holdings of the company. Westpac Banking Corp acquired a new position in shares of Trade Desk during the 3rd quarter valued at $65,000. Checchi Capital Advisers LLC lifted its holdings in shares of Trade Desk by 7.6% in the third quarter. Checchi Capital Advisers LLC now owns 21,293 shares of the technology company’s stock valued at $259,000 after buying an additional 1,495 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Trade Desk by 217.8% in the third quarter. Voya Investment Management LLC now owns 273,352 shares of the technology company’s stock valued at $3,327,000 after buying an additional 187,341 shares during the period. Public Sector Pension Investment Board boosted its stake in Trade Desk by 1,090.7% during the third quarter. Public Sector Pension Investment Board now owns 1,451,653 shares of the technology company’s stock valued at $17,785,000 after buying an additional 1,329,736 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in Trade Desk by 1,042.5% during the third quarter. Global Retirement Partners LLC now owns 23,981 shares of the technology company’s stock valued at $292,000 after buying an additional 21,882 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk News Roundup

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

• Positive Sentiment: Q3 revenue was about $736 million, beating analyst estimates and the company’s prior expectations; adjusted earnings also topped forecasts. Management’s Q4 revenue outlook of $755 million exceeded the roughly $692 million consensus, helping bolster confidence in the recovery. Trade Desk Q3 results beat expectations, but analyst flags revenue composition concerns
• Positive Sentiment: Investors may also see workforce reductions and an expanded share-repurchase authorization as support for future efficiency and shareholder returns. Trade Desk: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Analyst signals remain mixed: Cantor Fitzgerald raised its price target to $15 but kept a neutral rating, while DA Davidson initiated coverage at neutral. Cantor Fitzgerald stock recommendations
• Negative Sentiment: Q3 revenue was still down 0.5% year over year, and quarterly profit fell sharply, with margin strain and restructuring costs weighing on results. Analysts have also raised concerns about revenue composition, slowing growth, and competitive pressure in digital advertising. The Trade Desk Beats on Revenue, But the Fine Print Matters

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.