Trade Desk's (TTD) Buy Rating Reaffirmed at Needham & Company LLC

Key Points

• Trade Desk's stock has been given a "buy" rating by Needham & Company LLC with a price target of $84.00, indicating a potential upside of 61.32% from its current price.
• Recent earnings results showed Trade Desk missed EPS expectations at $0.18, which was $0.24 below the forecast, despite reporting $694.04 million in revenue, above the estimated $686.00 million.
• In terms of analyst ratings, 21 analysts assigned a "buy" rating while only 3 assigned a "sell," reflecting a general confidence in Trade Desk with a consensus price target of $88.58.

Needham & Company LLC reissued their buy rating on shares of Trade Desk (NASDAQ:TTD - Free Report) in a research note published on Monday morning,Benzinga reports. They currently have a $84.00 target price on the technology company's stock.

Other equities research analysts have also recently issued reports about the company. HSBC restated a "hold" rating and set a $56.00 target price on shares of Trade Desk in a research note on Monday, August 11th. Citigroup reiterated a "neutral" rating and issued a $65.00 price target (down from $90.00) on shares of Trade Desk in a research note on Friday, August 8th. Hsbc Global Res downgraded shares of Trade Desk from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Stifel Nicolaus lowered their price objective on Trade Desk from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Finally, UBS Group lowered their target price on shares of Trade Desk from $105.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, August 15th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $88.58.

Trade Desk Stock Performance

Shares of TTD stock traded up $0.37 during trading on Monday, hitting $52.40. The company had a trading volume of 7,869,379 shares, compared to its average volume of 12,228,554. The firm has a market capitalization of $25.62 billion, a P/E ratio of 63.13, a price-to-earnings-growth ratio of 2.67 and a beta of 1.36. The stock's 50-day moving average price is $68.47 and its 200 day moving average price is $64.96. Trade Desk has a one year low of $42.96 and a one year high of $141.53.

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

Insider Transactions at Trade Desk

In other news, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $91.18, for a total value of $4,676,622.20. Following the completion of the sale, the insider owned 218,246 shares in the company, valued at $19,899,670.28. This represents a 19.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 10.00% of the company's stock.

Institutional Investors Weigh In On Trade Desk

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Investment Management Corp VA ADV bought a new position in Trade Desk in the 4th quarter valued at $25,000. Banque Cantonale Vaudoise bought a new position in Trade Desk during the first quarter valued at about $26,000. Sound Income Strategies LLC grew its position in Trade Desk by 317.6% during the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company's stock valued at $26,000 after buying an additional 270 shares during the period. Cloud Capital Management LLC bought a new position in shares of Trade Desk during the 1st quarter valued at approximately $27,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Trade Desk during the 2nd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

Trade Desk Company Profile

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.