Trade Desk (TTD) – Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Trade Desk (NASDAQ: TTD) in the last few weeks:

• 1/21/2025 – Trade Desk was upgraded by analysts at Citizens Jmp to a “strong-buy” rating.
• 1/21/2025 – Trade Desk is now covered by analysts at JMP Securities. They set a “mkt outperform” rating and a $150.00 price target on the stock.
• 1/15/2025 – Trade Desk had its price target raised by analysts at BMO Capital Markets from $125.00 to $160.00. They now have an “outperform” rating on the stock.
• 1/13/2025 – Trade Desk had its price target raised by analysts at Morgan Stanley from $130.00 to $145.00. They now have an “overweight” rating on the stock.
• 1/13/2025 – Trade Desk had its price target raised by analysts at Wells Fargo & Company from $141.00 to $142.00. They now have an “overweight” rating on the stock.
• 1/10/2025 – Trade Desk had its price target raised by analysts at KeyCorp from $130.00 to $140.00. They now have an “overweight” rating on the stock.
• 1/6/2025 – Trade Desk had its price target raised by analysts at Wedbush from $135.00 to $145.00. They now have an “outperform” rating on the stock.
• 1/3/2025 – Trade Desk had its price target raised by analysts at Royal Bank of Canada from $136.00 to $140.00. They now have an “outperform” rating on the stock.
• 1/3/2025 – Trade Desk had its price target raised by analysts at Wolfe Research from $140.00 to $155.00. They now have an “outperform” rating on the stock.
• 12/19/2024 – Trade Desk had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $135.00 price target on the stock.
• 12/17/2024 – Trade Desk had its price target raised by analysts at Truist Financial Co. from $135.00 to $155.00. They now have a “buy” rating on the stock.
• 12/12/2024 – Trade Desk had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $135.00 price target on the stock.
• 12/5/2024 – Trade Desk is now covered by analysts at Scotiabank. They set a “sector perform” rating and a $133.00 price target on the stock.

Trade Desk Price Performance

NASDAQ:TTD traded up $0.22 during trading hours on Friday, hitting $119.16. 1,296,695 shares of the company were exchanged, compared to its average volume of 3,361,905. The stock has a market capitalization of $58.82 billion, a price-to-earnings ratio of 195.35, a PEG ratio of 3.88 and a beta of 1.45. The Trade Desk, Inc. has a 52-week low of $66.56 and a 52-week high of $141.53. The company’s 50 day moving average price is $125.70 and its 200-day moving average price is $114.05.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.21). The business had revenue of $628.02 million during the quarter, compared to analysts’ expectations of $619.89 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. During the same period last year, the company earned $0.08 earnings per share. On average, equities analysts predict that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Insider Activity

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the transaction, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 512,953 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $124.67, for a total transaction of $63,949,850.51. Following the transaction, the chief executive officer now owns 243,476 shares of the company’s stock, valued at $30,354,152.92. This represents a 67.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 553,982 shares of company stock valued at $68,954,147 in the last ninety days. Insiders own 9.72% of the company’s stock.

Institutional Investors Weigh In On Trade Desk

A number of hedge funds have recently modified their holdings of the company. Ithaka Group LLC boosted its stake in Trade Desk by 4.5% during the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock worth $12,378,000 after buying an additional 4,836 shares during the period. Venture Visionary Partners LLC boosted its stake in Trade Desk by 33.0% during the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock worth $1,898,000 after buying an additional 4,296 shares during the period. Nordea Investment Management AB boosted its stake in Trade Desk by 36.2% during the fourth quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock worth $159,132,000 after buying an additional 358,350 shares during the period. Assetmark Inc. boosted its stake in Trade Desk by 2,461.2% during the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after buying an additional 70,687 shares during the period. Finally, Swiss National Bank boosted its stake in Trade Desk by 0.3% during the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after buying an additional 4,500 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.