Trade Desk (NASDAQ:TTD) Earns "Neutral" Rating from Wedbush

Key Points

• Wedbush reaffirmed its Neutral rating on Trade Desk and set a $15 price target, implying about 1.2% downside from the stock’s $15.18 price at the time of the report.
• Analyst sentiment was mixed but leaned cautious: MarketBeat reported a consensus “Reduce” rating and an average price target of $18.49, with 26 Hold and nine Sell ratings among the analysts cited.
• Trade Desk reported quarterly EPS of $0.33, beating the $0.04 consensus, and revenue of about $736 million, above estimates; however, revenue fell 0.5% year over year.

Trade Desk (NASDAQ:TTD - Get Free Report)'s stock had its "neutral" rating reissued by analysts at Wedbush in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $15.00 price objective on the technology company's stock. Wedbush's price objective points to a potential downside of 1.20% from the stock's current price.

A number of other equities analysts have also recently issued reports on TTD. Morgan Stanley set a $13.00 target price on Trade Desk in a report on Monday, August 10th. Moffett Nathanson set a $6.00 price target on Trade Desk in a research note on Friday, August 7th. Citigroup lowered Trade Desk from a "neutral" rating to a "sell" rating and cut their price target for the company from $21.00 to $11.00 in a report on Friday, August 7th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Trade Desk in a research report on Friday, September 11th. Finally, Susquehanna reaffirmed a "neutral" rating and set a $17.00 price objective (up from $14.00) on shares of Trade Desk in a research report on Tuesday. 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 stock. According to data from MarketBeat.com, Trade Desk has an average rating of "Reduce" and a consensus price target of $18.49.

Trade Desk Price Performance

TTD traded up $0.25 during trading on Tuesday, reaching $15.18. The company had a trading volume of 23,991,487 shares, compared to its average volume of 20,251,090. Trade Desk has a 12 month low of $11.62 and a 12 month high of $45.50. The business's fifty day moving average price is $13.09 and its 200 day moving average price is $19.52. The company has a market cap of $7.13 billion, a P/E ratio of 18.01, a PEG ratio of 1.43 and a beta of 0.98.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings data on Monday, November 9th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.29. Trade Desk had a net margin of 13.61% and a return on equity of 16.09%. The company had revenue of $735.97 million during the quarter, compared to the consensus estimate of $650.93 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The firm's revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts predict 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. Ascentis Independent Advisors acquired a new position in shares of Trade Desk during the 1st quarter worth approximately $36,000. NBH Bank bought a new stake in Trade Desk in the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC raised its stake in Trade Desk by 159.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,031 shares of the technology company's stock valued at $46,000 after buying an additional 1,247 shares during the period. South Dakota Investment Council bought a new stake in Trade Desk in the first quarter valued at approximately $54,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Trade Desk in the first quarter valued at approximately $56,000. Institutional investors own 67.77% of the company's stock.

Trade Desk News Summary

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

• Positive Sentiment: Third-quarter adjusted earnings of $0.33 per share and revenue of about $736 million exceeded analyst expectations. The company also forecast fourth-quarter revenue of $755 million, above the roughly $692 million consensus—supporting optimism that business is holding up better than feared. Earnings report
• Positive Sentiment: A 15% workforce reduction is expected to generate more than $100 million in gross savings in 2027. The company also expanded its share-repurchase authorization, adding potential support for earnings per share and shareholder returns. Workforce and savings details Buyback authorization
• Positive Sentiment: Needham reiterated its Buy rating with a $19 target, while RBC raised its target to $18 and Guggenheim lifted its target to $16; both retained neutral-equivalent ratings. Analyst rating RBC rating Guggenheim rating
• Neutral Sentiment: CEO Jeff Green highlighted AI and connected-TV opportunities, including new AI tools, as potential growth drivers. Their eventual contribution remains to be demonstrated. AI and connected TV commentary
• Negative Sentiment: Revenue was down 0.5% year over year, and EPS was below the year-ago result. Management acknowledged growth remains below its own expectations; after an initial earnings-driven rally, shares gave back ground as investors weighed that caution. Market reaction and growth concerns

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.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk serves clients in markets around the world.

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