Wells Fargo & Company Issues Pessimistic Forecast for Trade Desk (NASDAQ:TTD) Stock Price

Key Points

• Wells Fargo cut its price target on The Trade Desk to $47 from $53 and kept an equal weight rating, implying only an 8.8% upside from the prior close.
• Shares traded down to $43.20 on heavy volume, sitting near a 52‑week low ($41.77) and below the 50‑day ($50.03) and 200‑day ($62.66) moving averages, while the stock carries a high P/E (~52).
• The company authorized a $500 million buyback (about 2.1% of shares) and large institutions like Vanguard boosted holdings, but an insider sale highlights mixed investor signals.

Trade Desk (NASDAQ:TTD - Get Free Report) had its price target lowered by Wells Fargo & Company from $53.00 to $47.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the technology company's stock. Wells Fargo & Company's price objective indicates a potential upside of 8.80% from the stock's previous close.

A number of other equities analysts have also commented on TTD. Stifel Nicolaus cut their price target on Trade Desk from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, August 8th. Arete Research upgraded Trade Desk to a "strong sell" rating in a research note on Monday, July 28th. Hsbc Global Res lowered Trade Desk from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Evercore ISI lowered their price target on shares of Trade Desk from $80.00 to $70.00 and set an "outperform" rating on the stock in a report on Friday. Finally, Rosenblatt Securities reduced their price objective on shares of Trade Desk from $78.00 to $64.00 and set a "buy" rating for the company in a research note on Friday. Twenty-one research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $80.58.

Trade Desk Price Performance

Shares of TTD traded down $2.70 during mid-day trading on Friday, hitting $43.20. The stock had a trading volume of 28,988,241 shares, compared to its average volume of 12,094,606. Trade Desk has a 52 week low of $41.77 and a 52 week high of $141.53. The business has a fifty day moving average price of $50.03 and a 200-day moving average price of $62.66. The firm has a market cap of $21.12 billion, a P/E ratio of 52.05, a PEG ratio of 2.55 and a beta of 1.43.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.01. The firm had revenue of $739.43 million during the quarter, compared to analyst estimates of $719.11 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 17.7% on a year-over-year basis. During the same quarter last year, the business earned $0.41 earnings per share. Trade Desk has set its Q4 2025 guidance at EPS. As a group, research analysts expect that Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 6th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the sale, the director owned 5,035 shares of the company's stock, valued at $242,687. The trade was a 21.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Trade Desk

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Trade Desk by 27.7% in the 3rd quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company's stock worth $2,787,486,000 after purchasing an additional 12,321,000 shares during the period. Geode Capital Management LLC grew its holdings in shares of Trade Desk by 52.1% in the second 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. Nuveen LLC purchased a new position in shares of Trade Desk in the first quarter worth $191,935,000. Norges Bank bought a new stake in Trade Desk during the 2nd quarter valued at $197,362,000. Finally, Viking Global Investors LP bought a new stake in Trade Desk during the 2nd quarter valued at $192,524,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.