NASDAQ:TTD

Trade Desk (TTD) Stock Price, News & Analysis

$77.84
+0.54 (+0.70%)
(As of 04/22/2024 ET)
Today's Range
$76.12
$78.97
50-Day Range
$72.94
$88.93
52-Week Range
$59.36
$94.00
Volume
2.53 million shs
Average Volume
4.53 million shs
Market Capitalization
$38.06 billion
P/E Ratio
216.23
Dividend Yield
N/A
Price Target
$89.75

Trade Desk MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.77 Rating Score
Upside/​Downside
15.3% Upside
$89.75 Price Target
Short Interest
Healthy
1.87% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.86mentions of Trade Desk in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$41.25 M Sold Last Quarter
Proj. Earnings Growth
31.65%
From $0.79 to $1.04 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.29 out of 5 stars

Computer And Technology Sector

132nd out of 589 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

8th out of 59 stocks

TTD stock logo

About Trade Desk Stock (NASDAQ:TTD)

The Trade Desk, Inc. is a California-based technology company that has emerged as a leader in the digital advertising industry. Founded in 2009, the company provides a self-service platform that enables advertisers to create, manage and optimize their advertising campaigns across various channels, including display, video, audio, and mobile. By offering a transparent and open platform, The Trade Desk aims to empower buyers of digital advertising to make informed decisions and achieve their goals.

With its headquarters in Ventura, California, The Trade Desk has established a global presence with offices in the United States, Europe, and Asia. This widespread reach allows the company to cater to advertisers across different regions and tap into diverse markets.

The Trade Desk's platform offers advertisers a comprehensive range of features and services. These include campaign management, allowing advertisers to efficiently handle and optimize their campaigns across multiple channels. Additionally, the platform offers audience targeting capabilities, enabling advertisers to direct their ads to specific audiences based on demographics, interests, and behavior. The Trade Desk also provides robust reporting and analytics tools that give advertisers detailed insights into their campaigns' performance, helping them make data-driven decisions. Notably, the company prides itself on its commitment to transparency, providing advertisers with visibility into the delivery and measurement of their ads.

The Trade Desk's target market encompasses advertisers of all sizes, from small businesses to large corporations, spanning a wide range of industries such as retail, finance, technology, and healthcare. Some notable customers of The Trade Desk include industry giants like Amazon, Coca-Cola, Ford Motor Company, Nike, and Visa. The company's ability to attract such high-profile clients is a testament to its platform's effectiveness and appeal.

The Trade Desk's achievements and recognition within the industry further solidify its position as a leader. In 2022, the company secured a spot on the prestigious Forbes Cloud 100 list, recognizing the most innovative cloud companies worldwide. 

Under the leadership of Jeff Green, the founder and Chief Executive Officer, The Trade Desk's management team combines expertise and experience in the digital advertising industry. Green is a seasoned entrepreneur who has previously founded or co-founded successful technology companies. This strong leadership, coupled with a team of experienced executives, bolsters the company's ability to navigate the ever-evolving landscape of digital advertising.

The Trade Desk has demonstrated its profitability since its inception. In 2022, the company reported $1.58 billion in revenue and $53.39 million in net income, highlighting its consistent growth. Over the past five years, The Trade Desk has achieved a compound annual growth rate of 40% in revenue. With such financial performance, the company has attracted significant attention from investors.

The Trade Desk's stock price has exhibited volatility in recent years, experiencing a decline of around 50% from its peak in 2021. However, the stock price has rebounded recently. This resilience suggests that investors are regaining confidence in the company's prospects.

The digital advertising industry itself is poised for significant growth. Projections indicate that the global digital advertising market will reach $500 billion by 2025, presenting substantial opportunities for The Trade Desk. With its history of innovation and its position as the leading independent ad-tech platform worldwide, the company is well-positioned to capitalize on this growth. The Trade Desk's commitment to research and development ensures it stays ahead of the competition and continues offering its clients cutting-edge solutions.

The Trade Desk faces several risks and challenges in the highly dynamic digital advertising landscape. One of the primary risks is the ever-changing preferences of consumers. Advertisers must constantly adapt their strategies to engage with consumers who are increasingly selective about the content they consume and the advertisements they engage with. The Trade Desk needs to stay agile and innovative to address these shifting preferences and ensure that its platform effectively reaches and resonates with target audiences.

Another significant challenge for The Trade Desk is the intense competition from industry giants like Google and Facebook. These tech behemoths have substantial resources and market presence, allowing them to offer comprehensive advertising solutions within their ecosystems. The Trade Desk must differentiate itself by emphasizing its independence, transparency, and specialized offerings. It needs to continuously innovate and provide unique value propositions to retain its market share and attract advertisers who seek alternatives to the walled gardens of Google and Facebook.

TTD Stock Price History

TTD Stock News Headlines

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See More Headlines
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Company Calendar

Last Earnings
2/15/2024
Today
4/22/2024
Next Earnings (Confirmed)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Current Symbol
NASDAQ:TTD
Fax
N/A
Employees
3,115
Year Founded
2009

Price Target and Rating

Average Stock Price Target
$89.75
High Stock Price Target
$110.00
Low Stock Price Target
$34.00
Potential Upside/Downside
+15.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77
Research Coverage
26 Analysts

Profitability

Net Income
$178.94 million
Pretax Margin
13.77%

Debt

Sales & Book Value

Annual Sales
$1.95 billion
Cash Flow
$0.53 per share
Book Value
$4.43 per share

Miscellaneous

Free Float
439,163,000
Market Cap
$38.06 billion
Optionable
Optionable
Beta
1.50

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Should I Buy Trade Desk Stock? TTD Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in The Trade Desk, Inc.:

  • The Trade Desk, Inc. operates as a technology company in the United States and internationally, offering a self-service cloud-based platform for data-driven digital advertising campaigns across various ad formats and channels.
  • The company provides data and other value-added services, catering to advertising agencies, brands, and service providers for advertisers.
  • The stock price of The Trade Desk, Inc. has shown consistent growth in recent periods, indicating positive investor sentiment.
  • The Trade Desk, Inc. serves a wide range of devices, including computers, mobile devices, televisions, and streaming devices, enhancing its market reach and potential for growth.
  • The company's focus on innovation and technology in the advertising industry positions it well for future growth and market leadership.

Cons

Investors should be bearish about investing in The Trade Desk, Inc. for these reasons:

  • Market competition in the digital advertising space is intense, which could impact The Trade Desk, Inc.'s market share and profitability.
  • Changes in regulations related to data privacy and digital advertising practices could pose challenges for the company's operations and growth prospects.
  • Economic downturns or fluctuations in advertising spending could affect The Trade Desk, Inc.'s revenue and financial performance.
  • Rapid technological advancements in the industry may require continuous investment in research and development to stay competitive, potentially impacting the company's bottom line.
  • Investing in technology companies like The Trade Desk, Inc. carries inherent risks associated with market volatility and rapid changes in consumer preferences.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Trade Desk pros and cons to contact@marketbeat.com.

TTD Stock Analysis - Frequently Asked Questions

Should I buy or sell Trade Desk stock right now?

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Trade Desk in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TTD shares.
View TTD analyst ratings
or view top-rated stocks.

What is Trade Desk's stock price target for 2024?

26 equities research analysts have issued twelve-month target prices for Trade Desk's shares. Their TTD share price targets range from $34.00 to $110.00. On average, they anticipate the company's stock price to reach $89.75 in the next year. This suggests a possible upside of 15.3% from the stock's current price.
View analysts price targets for TTD
or view top-rated stocks among Wall Street analysts.

How have TTD shares performed in 2024?

Trade Desk's stock was trading at $71.96 at the beginning of the year. Since then, TTD stock has increased by 8.2% and is now trading at $77.84.
View the best growth stocks for 2024 here
.

When is Trade Desk's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our TTD earnings forecast
.

How can I listen to Trade Desk's earnings call?

Trade Desk will be holding an earnings conference call on Wednesday, May 8th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 919-882-2331 with passcode "50391".

How were Trade Desk's earnings last quarter?

The Trade Desk, Inc. (NASDAQ:TTD) issued its earnings results on Thursday, February, 15th. The technology company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.24 by $0.05. The technology company had revenue of $605.80 million for the quarter, compared to analyst estimates of $582.61 million. Trade Desk had a net margin of 9.19% and a trailing twelve-month return on equity of 8.59%.

When did Trade Desk's stock split?

Trade Desk's stock split on Wednesday, June 9th 2021. The 10-1 split was announced on Monday, May 10th 2021. The newly minted shares were payable to shareholders after the market closes on Thursday, June 17th 2021. An investor that had 100 shares of stock prior to the split would have 1,000 shares after the split.

What guidance has Trade Desk issued on next quarter's earnings?

Trade Desk issued an update on its first quarter 2024 earnings guidance on Friday, February, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $478.0 million-, compared to the consensus revenue estimate of $451.9 million.

What is Jeff Green's approval rating as Trade Desk's CEO?

157 employees have rated Trade Desk Chief Executive Officer Jeff Green on Glassdoor.com. Jeff Green has an approval rating of 92% among the company's employees. This puts Jeff Green in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Trade Desk own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Trade Desk investors own include NVIDIA (NVDA), Shopify (SHOP), Block (SQ), Tesla (TSLA), Netflix (NFLX), PayPal (PYPL), Twilio (TWLO), Alibaba Group (BABA), Salesforce (CRM) and Okta (OKTA).

When did Trade Desk IPO?

Trade Desk (TTD) raised $70 million in an initial public offering on Wednesday, September 21st 2016. The company issued 4,700,000 shares at $14.00-$16.00 per share. Citigroup, Jefferies and RBC Capital Markets acted as the underwriters for the IPO and Needham & Company and Raymond James were co-managers.

Who are Trade Desk's major shareholders?

Trade Desk's stock is owned by many different retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.39%), Congress Asset Management Co. MA (0.20%), Allspring Global Investments Holdings LLC (0.13%), Los Angeles Capital Management LLC (0.08%), Raymond James & Associates (0.05%) and Congress Wealth Management LLC DE (0.03%). Insiders that own company stock include Andrea Lee Cunningham, Blake Jeffrey Grayson, David B Wells, David Randall Pickles, Eric B Paley, Gokul Rajaram, Jay R Grant, Jeffrey Terry Green, Kathryn E Falberg, Laura Schenkein, Lise J Buyer, Marketing Services SAS Total, Samantha Jacobson and Susan Vobejda.
View institutional ownership trends
.

How do I buy shares of Trade Desk?

Shares of TTD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:TTD) was last updated on 4/23/2024 by MarketBeat.com Staff

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