Trade Desk (NASDAQ:TTD) Price Target Raised to $15.00

Trade Desk (NASDAQ:TTD) had its price target increased by Scotiabank from $12.00 to $15.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a sector perform rating on the technology company’s stock.

Several other equities research analysts also recently issued reports on TTD. DA Davidson raised Trade Desk to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings restated a “sell (d)” rating on shares of Trade Desk in a research report on Friday, September 11th. Wall Street Zen cut Trade Desk from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Citigroup cut Trade Desk from a “neutral” rating to a “sell” rating and lowered their target price for the company from $21.00 to $11.00 in a research note on Friday, August 7th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Trade Desk in a report on Tuesday. Four analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and nine have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $18.52.

Trade Desk Stock Down 3.2%

TTD opened at $15.47 on Tuesday. The stock has a fifty day moving average of $13.19 and a 200-day moving average of $19.21. The firm has a market capitalization of $7.27 billion, a P/E ratio of 22.42, a PEG ratio of 1.74 and a beta of 0.98. Trade Desk has a 12-month low of $11.62 and a 12-month high of $43.86.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Monday, November 9th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.04 by $0.29. Trade Desk had a return on equity of 14.36% and a net margin of 11.03%. The business had revenue of $735.97 million during the quarter, compared to analysts’ expectations of $650.93 million. During the same quarter last year, the firm posted $0.45 earnings per share. Trade Desk’s revenue was down .5% compared to the same quarter last year. On average, analysts expect that Trade Desk will post 0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trade Desk

Several institutional investors have recently made changes to their positions in TTD. Tema ETFs LLC grew its stake in shares of Trade Desk by 9.5% in the 2nd quarter. Tema ETFs LLC now owns 8,360 shares of the technology company’s stock valued at $151,000 after buying an additional 725 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in Trade Desk by 4.1% in the first quarter. Sunbelt Securities Inc. now owns 24,976 shares of the technology company’s stock valued at $567,000 after acquiring an additional 983 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Trade Desk by 159.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,031 shares of the technology company’s stock valued at $46,000 after acquiring an additional 1,247 shares during the last quarter. New Mexico Educational Retirement Board grew its position in Trade Desk by 6.3% in the second quarter. New Mexico Educational Retirement Board now owns 21,900 shares of the technology company’s stock worth $396,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Checchi Capital Advisers LLC grew its position in Trade Desk by 7.6% in the third quarter. Checchi Capital Advisers LLC now owns 21,293 shares of the technology company’s stock worth $259,000 after acquiring an additional 1,495 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk News Roundup

Here’s some of the latest news about TTD:

• Positive Sentiment: Q3 revenue of about $736 million exceeded expectations, as did earnings per share. Management also forecast Q4 revenue of about $755 million, offering a potential improvement in growth momentum. Trade Desk’s $736M Q3 Revenues: Is a Growth Recovery Taking Shape?
• Positive Sentiment: TTD generated $153 million in Q3 free cash flow, supported by strong liquidity and cost-cutting efforts—evidence of cash generation even as sales growth slows. Trade Desk’s $153M Q3 Free Cash Flow: Can the Momentum Continue?
• Neutral Sentiment: Ratings remain mixed: Piper Sandler maintained a Hold/neutral stance, while other firms reiterated positive ratings or raised targets. This suggests optimism about potential recovery but not broad agreement on near-term upside. Piper Sandler Keeps Their Hold Rating on Trade Desk

About Trade Desk

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.