Trade Desk (NASDAQ:TTD) Cut to “Underperform” at BNP Paribas Exane

BNP Paribas Exane cut shares of Trade Desk (NASDAQ:TTD) from a neutral rating to an underperform rating in a report released on Monday morning, Marketbeat.com reports. They currently have $10.00 price objective on the technology company’s stock.

Several other equities analysts have also recently issued reports on TTD. Cantor Fitzgerald reduced their price target on shares of Trade Desk from $20.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, August 7th. Wolfe Research restated an “outperform” rating and issued a $16.00 price objective on shares of Trade Desk in a report on Friday, August 7th. Oppenheimer lowered shares of Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. KeyCorp cut Trade Desk from an “overweight” rating to a “sector weight” rating in a research report on Friday, May 8th. Finally, Wedbush set a $21.00 target price on Trade Desk and gave the stock a “neutral” rating in a report on Friday, May 8th. 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 presently has an average rating of “Reduce” and an average target price of $19.33.

Trade Desk Trading Down 0.5%

Shares of NASDAQ TTD opened at $13.49 on Monday. Trade Desk has a 12 month low of $12.83 and a 12 month high of $56.39. The firm has a market capitalization of $6.34 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 0.69 and a beta of 1.04. The firm has a fifty day simple moving average of $18.33 and a two-hundred day simple moving average of $22.23.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total value of $1,134,816.34. Following the sale, the director directly owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. The trade was a 80.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 11.41% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

Large investors have recently modified their holdings of the stock. State Street Corp grew its position in Trade Desk by 271.1% during the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock valued at $1,781,723,000 after purchasing an additional 26,559,005 shares during the last quarter. Invesco Ltd. raised its holdings in Trade Desk by 101.0% in the third quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock worth $333,659,000 after buying an additional 3,421,074 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Trade Desk by 59.0% in the first quarter. Renaissance Technologies LLC now owns 5,440,541 shares of the technology company’s stock worth $123,446,000 after buying an additional 2,018,525 shares during the last quarter. Norges Bank bought a new position in shares of Trade Desk in the fourth quarter worth approximately $197,550,000. Finally, Federated Hermes Inc. lifted its stake in shares of Trade Desk by 1,041.1% in the fourth quarter. Federated Hermes Inc. now owns 4,710,847 shares of the technology company’s stock worth $178,824,000 after buying an additional 4,298,009 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trending Headlines about Trade Desk

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

• Positive Sentiment: TTD’s valuation has fallen to roughly five-year lows, which could attract investors if management can stabilize growth. Longer-term opportunities in connected TV and retail media remain potential catalysts. Is TTD Worth Buying as Cheap Valuation Clashes With Execution Risk?
• Neutral Sentiment: Unusually large options activity indicates elevated investor interest and potentially higher volatility, but it does not establish a clear directional signal. Trade Desk Target of Unusually Large Options Trading
• Neutral Sentiment: DA Davidson maintained a “Neutral” rating, while Morgan Stanley issued a “Hold,” suggesting analysts see limited near-term upside pending evidence of an operating recovery. DA Davidson Reaffirms Neutral Rating Trade Desk Receives a Hold from Morgan Stanley
• Negative Sentiment: Second-quarter revenue rose only 3% year over year to $715.1 million and missed Wall Street expectations. Adjusted earnings of $0.34 per share were also 15.1% below consensus. TTD Q2 Deep Dive: Macro Headwinds and Execution Shortfalls Shape Outlook
• Negative Sentiment: Third-quarter revenue guidance of $650 million was approximately 19% below analysts’ estimates, intensifying concerns about advertiser demand, macroeconomic pressure, weaker margins and execution gaps. Why The Trade Desk Shares Are Plunging Today
• Negative Sentiment: BNP Paribas Exane downgraded TTD to “Underperform,” adding to the negative analyst backdrop and contributing to the recent sell-off. Trade Desk Rating Lowered to Underperform
• Negative Sentiment: Commentary increasingly characterizes TTD as a turnaround story rather than a predictable high-growth company. Competition from AWS-backed advertising technology partnerships, including AWS and Warner Bros. Discovery, could add further strategic pressure. Can The Trade Desk Fend Off A New Digital Media Push?

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.