The Trade Desk (NASDAQ:TTD) Receives Consensus Recommendation of “Hold” from Analysts

The Trade Desk (NASDAQ:TTD) has been assigned an average rating of “Hold” from the thirty-five analysts that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $58.9355.

Several equities research analysts have recently weighed in on TTD shares. Wedbush decreased their price target on Trade Desk from $50.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, December 8th. Royal Bank Of Canada set a $80.00 target price on shares of Trade Desk and gave the stock an “outperform” rating in a report on Friday, November 7th. Wells Fargo & Company set a $42.00 price target on shares of Trade Desk and gave the company an “equal weight” rating in a report on Monday, January 12th. Cantor Fitzgerald set a $43.00 price target on shares of Trade Desk and gave the stock a “neutral” rating in a report on Thursday, January 8th. Finally, Guggenheim reiterated a “buy” rating and issued a $50.00 price objective (down previously from $55.00) on shares of Trade Desk in a research report on Monday, January 5th.

Trade Desk Stock Performance

NASDAQ:TTD opened at $25.24 on Friday. The business’s fifty day moving average is $33.76 and its 200 day moving average is $44.08. The firm has a market cap of $12.21 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 1.00 and a beta of 1.10. Trade Desk has a 52-week low of $24.84 and a 52-week high of $91.45.

Trade Desk declared that its Board of Directors has authorized a share repurchase program on Thursday, November 6th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Trade Desk by 27.7% in the third quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock valued at $2,787,486,000 after purchasing an additional 12,321,000 shares in the last quarter. State Street Corp grew its stake in Trade Desk by 271.1% in the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock worth $1,781,723,000 after buying an additional 26,559,005 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Trade Desk by 17.9% in the 2nd quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock worth $1,027,114,000 after buying an additional 2,169,252 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Trade Desk by 52.1% during the 2nd quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock valued at $884,860,000 after buying an additional 4,218,975 shares in the last quarter. Finally, Brown Advisory Inc. raised its position in shares of Trade Desk by 2.7% during the 2nd quarter. Brown Advisory Inc. now owns 8,323,522 shares of the technology company’s stock valued at $599,212,000 after buying an additional 221,228 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

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.