Morgan Stanley Forecasts Strong Price Appreciation for Trade Desk (NASDAQ:TTD) Stock

Trade Desk (NASDAQ:TTD) had its price target raised by stock analysts at Morgan Stanley from $13.00 to $14.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the technology company’s stock. Morgan Stanley‘s price target indicates a potential downside of 8.71% from the stock’s previous close.

Several other research analysts have also recently weighed in on TTD. Royal Bank Of Canada upped their price objective on Trade Desk from $15.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Tuesday. BMO Capital Markets downgraded Trade Desk from an “outperform” rating to a “market perform” rating and set a $15.00 price target for the company. in a research report on Friday, August 7th. Robert W. Baird set a $9.00 price objective on shares of Trade Desk and gave the company a “neutral” rating in a report on Friday, August 7th. Susquehanna reissued a “neutral” rating and issued a $17.00 price objective (up from $14.00) on shares of Trade Desk in a research report on Tuesday. Finally, BNP Paribas Exane lowered shares of Trade Desk from a “neutral” rating to an “underperform” rating and set a $10.00 price objective on the stock. in a research report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and nine have given a Sell rating to the company’s stock. According to data from MarketBeat, Trade Desk has a consensus rating of “Reduce” and an average price target of $18.61.

Trade Desk Trading Up 2.7%

Shares of TTD stock traded up $0.41 during trading hours on Tuesday, hitting $15.34. 37,168,084 shares of the company were exchanged, compared to its average volume of 20,315,400. Trade Desk has a 52 week low of $11.62 and a 52 week high of $45.50. The business has a 50 day moving average of $13.09 and a two-hundred day moving average of $19.52. The company has a market capitalization of $7.21 billion, a PE ratio of 18.22, a PEG ratio of 1.43 and a beta of 0.98.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Monday, November 9th. The technology company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.04 by $0.29. The business had revenue of $735.97 million for the quarter, compared to analysts’ expectations of $650.93 million. Trade Desk had a net margin of 13.61% and a return on equity of 16.09%. The firm’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. On average, research analysts forecast that Trade Desk will post 0.52 EPS for the current year.

Institutional Investors Weigh In On Trade Desk

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Edgestream Partners L.P. acquired a new position in Trade Desk during the third quarter worth $7,433,000. Teachers Retirement System of The State of Kentucky increased its stake in shares of Trade Desk by 110.0% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 63,000 shares of the technology company’s stock worth $767,000 after purchasing an additional 33,000 shares during the last quarter. GatePass Capital LLC bought a new stake in shares of Trade Desk in the 3rd quarter valued at about $231,000. Bessemer Group Inc. raised its holdings in shares of Trade Desk by 342.9% in the 3rd quarter. Bessemer Group Inc. now owns 7,781 shares of the technology company’s stock valued at $94,000 after purchasing an additional 6,024 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in shares of Trade Desk by 189.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 29,421 shares of the technology company’s stock valued at $358,000 after purchasing an additional 19,249 shares during the period. 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: Third-quarter adjusted earnings were $0.33 per share and revenue was about $736 million, topping analyst expectations. The company forecast fourth-quarter revenue of $755 million, above the roughly $692 million consensus estimate. Benzinga: What’s Going On With Trade Desk Stock Tuesday?
• Positive Sentiment: Management expanded its share-repurchase authorization, while a planned 15% workforce reduction is expected to generate more than $100 million in gross savings in 2027. Investors may also see AI products and connected-TV opportunities as potential growth drivers. The Motley Fool: Three Key Takeaways for Long-Term Investors
• Neutral Sentiment: Analyst actions were cautious overall: Needham reaffirmed its Buy rating and $19 target, while RBC and Guggenheim raised targets but maintained sector-perform or neutral ratings. Wedbush kept its neutral rating and $15 target.
• Negative Sentiment: Revenue fell 0.5% year over year—the first contraction in years—and management acknowledged growth remains below its desired level. Commentary about discounts, layoffs and competitive pressure raises questions about how sustainable the rebound will be. 24/7 Wall St.: Revenue Shrunk for the First Time in Years

Trade Desk Company Profile

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.