Trade Desk (NASDAQ:TTD) Earns Sector Perform Rating from Royal Bank Of Canada

Key Points

• Royal Bank of Canada reaffirmed its “sector perform” rating on Trade Desk and set a $15 price target, implying 8.19% upside from the prior close.
• Analyst sentiment remains cautious: Trade Desk has a consensus “Reduce” rating, with 25 Holds and 10 Sells, while the average target is $19.36 after several brokerages recently cut their estimates.
• The company missed quarterly expectations, reporting $0.34 EPS versus $0.40 expected and $715.06 million in revenue versus $752.41 million forecast; shares opened at $13.87 and have fallen sharply from their 12-month high of $56.39.

Trade Desk (NASDAQ:TTD - Get Free Report)'s stock had its "sector perform" rating reaffirmed by investment analysts at Royal Bank Of Canada in a note issued to investors on Wednesday, Benzinga reports. They currently have a $15.00 price objective on the technology company's stock. Royal Bank Of Canada's price objective indicates a potential upside of 8.19% from the stock's previous close.

Several other equities analysts have also recently weighed in on TTD. Rosenblatt Securities cut their target price on shares of Trade Desk from $24.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday, August 7th. Arete Research set a $11.60 price target on shares of Trade Desk and gave the stock a "sell" rating in a research note on Tuesday, June 30th. Susquehanna downgraded shares of Trade Desk from a "positive" rating to a "neutral" rating and dropped their price objective for the company from $34.00 to $14.00 in a report on Friday, August 7th. Wolfe Research restated an "outperform" rating and set a $16.00 price objective on shares of Trade Desk in a research report on Friday, August 7th. Finally, Citigroup cut Trade Desk from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $21.00 to $11.00 in a report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and ten have given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $19.36.

Trade Desk Trading Down 1.1%

NASDAQ TTD opened at $13.87 on Wednesday. Trade Desk has a 12 month low of $12.83 and a 12 month high of $56.39. The stock has a market cap of $6.51 billion, a PE ratio of 16.51, a P/E/G ratio of 1.61 and a beta of 1.01. The stock's 50 day moving average is $16.43 and its 200 day moving average is $20.25.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.06). The company had revenue of $715.06 million for the quarter, compared to analysts' expectations of $752.41 million. Trade Desk had a net margin of 13.61% and a return on equity of 16.09%. During the same period last year, the business earned $0.41 earnings per share. The company's quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts forecast that Trade Desk will post 0.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Trade Desk

A number of hedge funds and other institutional investors have recently made changes to their positions in TTD. Root Financial Partners LLC lifted its stake in Trade Desk by 219.4% in the first quarter. Root Financial Partners LLC now owns 1,319 shares of the technology company's stock worth $30,000 after acquiring an additional 906 shares during the period. NBH Bank bought a new position in shares of Trade Desk during the second quarter valued at approximately $30,000. Ascentis Independent Advisors purchased a new position in Trade Desk during the first quarter valued at approximately $36,000. Binnacle Investments Inc bought a new position in Trade Desk in the third quarter worth approximately $37,000. Finally, Quarry LP bought a new position in Trade Desk in the fourth quarter worth approximately $37,000. Institutional investors own 67.77% of the company's stock.

Key Stories Impacting Trade Desk

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

• Positive Sentiment: A valuation-focused analysis argues that The Trade Desk generates substantial cash relative to the broader market and may be trading at a significant discount. That could support the stock if management’s restructuring improves growth and profitability. The Unusual Cash Offer Sitting In TTD Stock
• Neutral Sentiment: Investor attention remains elevated, with Zacks highlighting The Trade Desk as one of its most-watched stocks. The article does not identify a new fundamental catalyst but suggests investors are evaluating the company’s outlook following its recent selloff. The Trade Desk Is Attracting Investor Attention
• Negative Sentiment: The Trade Desk announced a restructuring that will eliminate approximately 15% of its global workforce. While the cuts could reduce costs, they also signal management is responding to weaker operating momentum and raise concerns about execution, employee morale and future growth. The Trade Desk Cuts 15% of Workforce The Trade Desk Workforce Restructuring
• Negative Sentiment: Bloom Energy’s addition to the S&P 500 is replacing The Trade Desk, creating potential passive-fund selling and reducing the stock’s index visibility. Bloom Energy Replaces The Trade Desk in the S&P 500
• Negative Sentiment: Brokerages assigned The Trade Desk an average “Reduce” rating, reinforcing cautious views after the stock’s steep decline. Separate coverage also points to layoffs, executive departures and insider-trading-related concerns as contributors to the company’s negative sentiment. The Trade Desk Receives Average Reduce Rating
• Negative Sentiment: Clinch’s expansion in London and reported onboarding of major global advertisers highlights increasing competition in omnichannel advertising, potentially adding pressure to The Trade Desk’s growth outlook. Clinch Expands London Presence

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.

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