Benchmark Has Lowered Expectations for Trade Desk (NASDAQ:TTD) Stock Price

Key Points

• Benchmark cut its price target on Trade Desk from $40 to $30 while keeping a Buy rating, signaling lower near-term expectations even though the firm still sees upside from current levels.
• Trade Desk’s latest earnings disappointed, as Q1 EPS came in at $0.08 versus the $0.32 consensus estimate, even though revenue of $688.9 million slightly beat forecasts and rose 11.8% year over year.
• Wall Street sentiment has softened, with several analysts lowering ratings or price targets; the stock also fell 2.1% to $23 amid heavier-than-average trading volume.

Trade Desk (NASDAQ:TTD - Get Free Report) had its price target reduced by Benchmark from $40.00 to $30.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the technology company's stock. Benchmark's price objective would indicate a potential upside of 30.42% from the company's current price.

A number of other equities analysts have also issued reports on TTD. Citizens Jmp lowered shares of Trade Desk from an "outperform" rating to a "market perform" rating in a research report on Friday, January 23rd. Citigroup restated a "neutral" rating on shares of Trade Desk in a research report on Friday. KeyCorp lowered shares of Trade Desk from an "overweight" rating to a "sector weight" rating in a research report on Friday. Bank of America reduced their price objective on shares of Trade Desk from $49.00 to $40.00 and set an "underperform" rating for the company in a research report on Tuesday, January 20th. Finally, UBS Group set a $31.00 price objective on shares of Trade Desk and gave the company a "buy" rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-two have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $37.91.

Trade Desk Trading Down 2.1%

TTD traded down $0.49 on Friday, reaching $23.00. The company had a trading volume of 35,438,690 shares, compared to its average volume of 18,315,861. The company has a fifty day moving average of $23.73 and a 200-day moving average of $32.86. The company has a market capitalization of $10.95 billion, a P/E ratio of 25.56, a PEG ratio of 0.96 and a beta of 1.10. Trade Desk has a one year low of $19.74 and a one year high of $91.45.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.24). The company had revenue of $688.86 million during the quarter, compared to the consensus estimate of $678.87 million. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The business's quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. Research analysts predict that Trade Desk will post 1.27 EPS for the current year.

Trade Desk declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 25th that permits the company to repurchase $350.00 million in shares. This repurchase authorization permits the technology company to purchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Activity at Trade Desk

In other Trade Desk news, Director Kathryn E. Falberg sold 102,828 shares of the firm's stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $30.45, for a total value of $3,131,112.60. Following the completion of the transaction, the director directly owned 1,946 shares in the company, valued at $59,255.70. This trade represents a 98.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 11.41% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TTD. Versant Capital Management Inc boosted its holdings in shares of Trade Desk by 175.8% in the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company's stock worth $26,000 after buying an additional 334 shares during the period. Root Financial Partners LLC acquired a new position in shares of Trade Desk in the third quarter worth about $26,000. Elevation Wealth Partners LLC boosted its holdings in shares of Trade Desk by 2,382.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company's stock worth $27,000 after buying an additional 691 shares during the period. First Horizon Corp acquired a new position in shares of Trade Desk in the third quarter worth about $29,000. Finally, Albion Financial Group UT acquired a new position in shares of Trade Desk in the fourth quarter worth about $30,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk News Summary

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

• Positive Sentiment: Q1 revenue beat forecasts, showing The Trade Desk is still growing its ad-tech business despite tougher conditions. The Trade Desk Reports First Quarter 2026 Financial Results
• Positive Sentiment: Management said it expects at least $750 million in Q2 revenue and is targeting a full-year 2026 adjusted EBITDA margin of at least 40%, which suggests the company still sees meaningful profitability. Trade Desk expects Q2 revenue at least $750M while targeting full-year 2026 adjusted EBITDA margin at least 40%
• Neutral Sentiment: Guggenheim and Needham both cut price targets but kept Buy ratings, while Rosenblatt moved to Neutral, indicating Wall Street is divided rather than uniformly bearish. Price target updates from Guggenheim, Needham and Rosenblatt
• Negative Sentiment: The EPS miss and softer-than-expected guidance are the main reasons the stock is falling, as investors fear ad spending growth is decelerating. Trade Desk tumbles on earnings miss and weak guidance
• Negative Sentiment: Three firms, including KeyBanc, Oppenheimer, and William Blair, downgraded the stock after the report, and commentary from Jim Cramer and others highlighted worries about competitive and agency-related headwinds. Trade Desk stock: Cramer reveals a major red flag beyond Q1 earnings

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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