Trade Desk (NASDAQ:TTD) Stock Price Target Raised at Piper Sandler

Trade Desk (NASDAQ:TTD) had its target price increased by Piper Sandler from $14.00 to $16.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

A number of other research firms have also recently issued reports on TTD. Zacks Research upgraded Trade Desk from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. Weiss Ratings restated a “sell (d)” rating on shares of Trade Desk in a report on Friday, September 11th. Robert W. Baird set a $9.00 price objective on Trade Desk and gave the stock a “neutral” rating in a research report on Friday, August 7th. Cannonball Research cut Trade Desk from a “strong-buy” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Friday, August 7th. Finally, DA Davidson assumed coverage on Trade Desk in a report on Tuesday. They set a “neutral” rating for the company. Four analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and nine have assigned a Sell rating to the company. According to MarketBeat, Trade Desk currently has an average rating of “Reduce” and an average target price of $18.52.

Trade Desk Stock Up 3.6%

Trade Desk stock opened at $15.98 on Wednesday. The company has a 50 day moving average of $13.17 and a 200-day moving average of $19.31. Trade Desk has a twelve month low of $11.62 and a twelve month high of $45.50. The stock has a market capitalization of $7.51 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 1.67 and a beta of 0.98.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TTD. Renaissance Technologies LLC grew its position 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 valued at $123,446,000 after purchasing an additional 2,018,525 shares in the last quarter. Bank of America Corp DE lifted its position in Trade Desk by 33.5% during the 1st quarter. Bank of America Corp DE now owns 4,548,894 shares of the technology company’s stock worth $103,214,000 after buying an additional 1,141,704 shares in the last quarter. Amundi lifted its position in Trade Desk by 0.6% during the 1st quarter. Amundi now owns 3,056,305 shares of the technology company’s stock worth $69,348,000 after buying an additional 17,097 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Trade Desk during the 2nd quarter worth about $39,750,000. Finally, Quantinno Capital Management LP boosted its stake in shares of Trade Desk by 330.0% during the 1st quarter. Quantinno Capital Management LP now owns 1,496,748 shares of the technology company’s stock worth $33,961,000 after buying an additional 1,148,680 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Key Stories Impacting Trade Desk

Investors following TTD have been watching these stories:

• Positive Sentiment: Management’s restructuring includes a 15% workforce reduction, expected to generate more than $100 million in gross savings in 2027. The company also expanded its share-buyback authorization, providing potential support for shareholder returns. Trade Desk: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Several firms raised price targets after the results, but Wells Fargo, Piper Sandler and Cantor Fitzgerald maintained equal-weight or neutral ratings, signaling limited conviction in a near-term recovery. Wells Fargo price-target update
• Negative Sentiment: Revenue was down 0.5% year over year, a sharp slowdown from prior growth, and quarterly profit reportedly fell substantially as margins came under pressure. Investors remain concerned about advertising-market conditions, competition and whether the company can restore growth. The Trade Desk Beats on Revenue, But the Fine Print Matters

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.