Trade Desk (NASDAQ:TTD) Given New $12.00 Price Target at Citigroup

Key Points

• Citigroup raised its Trade Desk price target from $11 to $12 but maintained a Sell rating, implying 23.39% downside from the stock’s then-current price.
• Analyst sentiment is broadly cautious: MarketBeat reported a consensus “Reduce” rating and an average price target of $18.64, with 26 Hold and nine Sell ratings among analysts surveyed.
• Trade Desk beat quarterly earnings and revenue estimates, but revenue was down 0.5% year over year. The stock traded at $15.66, well below its 52-week high of $45.50.

Trade Desk (NASDAQ:TTD - Get Free Report) had its price target hoisted by analysts at Citigroup from $11.00 to $12.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a "sell" rating on the technology company's stock. Citigroup's price target would suggest a potential downside of 23.39% from the company's current price.

A number of other research firms also recently issued reports on TTD. BMO Capital Markets downgraded shares of Trade Desk from an "outperform" rating to a "market perform" rating and set a $15.00 price target for the company. in a research note on Friday, August 7th. Benchmark reaffirmed a "buy" rating and set a $20.00 price objective (down from $30.00) on shares of Trade Desk in a research report on Monday, August 3rd. Wedbush reaffirmed a "neutral" rating and set a $15.00 price objective on shares of Trade Desk in a research report on Tuesday. Scotiabank upped their target price on Trade Desk from $12.00 to $15.00 and gave the stock a "sector perform" rating in a report on Tuesday. Finally, Robert W. Baird set a $9.00 target price on Trade Desk and gave the stock a "neutral" rating in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and nine have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $18.64.

Trade Desk Price Performance

NASDAQ:TTD traded up $0.73 during trading hours on Tuesday, hitting $15.66. The company had a trading volume of 43,398,528 shares, compared to its average volume of 20,350,896. The stock has a 50-day moving average price of $13.09 and a 200 day moving average price of $19.52. The company has a market capitalization of $7.36 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 1.43 and a beta of 0.98. Trade Desk has a 52 week low of $11.62 and a 52 week high of $45.50.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings data on Monday, November 9th. The technology company reported $0.33 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 business had revenue of $735.97 million during the quarter, compared to analyst estimates of $650.93 million. During the same period in the prior year, the business earned $0.45 EPS. The company's revenue for the quarter was down .5% on a year-over-year basis. Analysts anticipate that Trade Desk will post 0.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Trade Desk

Institutional investors and hedge funds have recently made changes to their positions in the business. Ascentis Independent Advisors bought a new stake in shares of Trade Desk in the 1st quarter worth approximately $36,000. NBH Bank purchased a new position in shares of Trade Desk in the 2nd quarter worth about $30,000. EverSource Wealth Advisors LLC raised its position in shares of Trade Desk by 159.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,031 shares of the technology company's stock worth $46,000 after purchasing an additional 1,247 shares during the last quarter. South Dakota Investment Council purchased a new position in shares of Trade Desk in the 1st quarter worth about $54,000. Finally, Western Wealth Management LLC bought a new position in Trade Desk in the 1st quarter worth about $56,000. Institutional investors own 67.77% of the company's stock.

Key Trade Desk News

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

• Positive Sentiment: Q3 revenue was about $736 million, above analysts’ expectations, while earnings of $0.33 per share also beat estimates. The company forecast Q4 revenue of $755 million, ahead of the roughly $692 million consensus—key reasons investors initially welcomed the results. Benzinga report on Q3 results and guidance
• Positive Sentiment: TTD expanded its share-repurchase authorization by $731 million, bringing the total to $1 billion. Management also expects a 15% workforce reduction to generate more than $100 million in gross savings in 2027, potentially improving efficiency. Share buyback announcement
• Neutral Sentiment: Analyst views remain mixed: RBC raised its price target to $18 while maintaining a Sector Perform rating, and Needham reiterated Buy with a $19 target; other firms kept neutral or equal-weight ratings, with targets including $14–$16. RBC price-target update
• Negative Sentiment: Despite the beats, revenue declined 0.5% year over year, and reports highlighted a sharp fall in quarterly profit and weak EBITDA. Investors remain concerned that growth is sluggish and that execution must improve; management acknowledged the business is still growing below its desired pace. Report on revenue and profit Q3 call takeaways

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.

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