Citigroup Lowers Trade Desk (NASDAQ:TTD) Price Target to $50.00

Key Points

• Citigroup has lowered its price target for Trade Desk (NASDAQ:TTD) from $65.00 to $50.00, maintaining a "neutral" rating on the stock.
• In addition to Citigroup, other analysts like Bank of America and Morgan Stanley have also adjusted their ratings and target prices, with Bank of America's target now at $55.00, down from $130.00.
• Despite a recent decline in share price to $43.80, Trade Desk reported a revenue increase of 18.7% year-over-year, although it missed EPS estimates for the last quarter.

Trade Desk (NASDAQ:TTD - Get Free Report) had its target price reduced by stock analysts at Citigroup from $65.00 to $50.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. Citigroup's price target suggests a potential upside of 14.17% from the company's previous close.

Several other research analysts have also issued reports on the company. Bank of America reaffirmed an "underperform" rating and set a $55.00 target price (down from $130.00) on shares of Trade Desk in a research report on Friday, August 8th. Morgan Stanley downgraded shares of Trade Desk from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $80.00 to $50.00 in a research note on Wednesday, September 10th. HSBC reaffirmed a "hold" rating and set a $56.00 price target on shares of Trade Desk in a research report on Monday, August 11th. JMP Securities reissued a "market outperform" rating and issued a $100.00 price objective on shares of Trade Desk in a research report on Tuesday, June 24th. Finally, Evercore ISI upgraded Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 target price on the stock in a research report on Friday, June 27th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $87.21.

Trade Desk Stock Down 0.3%

Shares of TTD stock traded down $0.14 during mid-day trading on Friday, reaching $43.80. 12,226,155 shares of the stock traded hands, compared to its average volume of 11,708,457. The company has a market cap of $21.41 billion, a price-to-earnings ratio of 52.85, a price-to-earnings-growth ratio of 2.36 and a beta of 1.36. The stock's fifty day simple moving average is $64.35 and its two-hundred day simple moving average is $63.72. Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.24). Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The business had revenue of $694.04 million during the quarter, compared to the consensus estimate of $686.00 million. During the same quarter last year, the business earned $0.39 EPS. The firm's quarterly revenue was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Trade Desk will post 1.06 EPS for the current fiscal year.

Insider Activity

In related news, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the completion of the sale, the insider owned 218,246 shares in the company, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the transaction, the director directly owned 5,035 shares in the company, valued at $242,687. This represents a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.00% of the company's stock.

Hedge Funds Weigh In On Trade Desk

Several hedge funds have recently modified their holdings of TTD. Vanguard Group Inc. boosted its position in Trade Desk by 0.7% in the second quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company's stock worth $3,207,504,000 after purchasing an additional 317,107 shares during the last quarter. Jennison Associates LLC boosted its stake in Trade Desk by 17.9% in the second quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company's stock valued at $1,027,114,000 after acquiring an additional 2,169,252 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Trade Desk by 52.1% during the 2nd quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company's stock worth $884,860,000 after purchasing an additional 4,218,975 shares during the last quarter. Brown Advisory Inc. lifted its stake in Trade Desk by 2.7% in the second quarter. Brown Advisory Inc. now owns 8,323,522 shares of the technology company's stock valued at $599,212,000 after purchasing an additional 221,228 shares during the last quarter. Finally, Nuveen LLC bought a new position in Trade Desk during the first quarter valued at $191,935,000. Institutional investors own 67.77% of the company's stock.

About Trade Desk

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.

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