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NASDAQ:TTD

Trade Desk (TTD) Stock Forecast, Price & News

$75.44
+1.07 (+1.44%)
(As of 01:21 PM ET)
Compare
Today's Range
$74.45
$76.39
50-Day Range
$71.19
$91.26
52-Week Range
$39.43
$91.85
Volume
970,817 shs
Average Volume
4.17 million shs
Market Capitalization
$36.98 billion
P/E Ratio
290.17
Dividend Yield
N/A
Price Target
$86.48

Trade Desk MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
15.3% Upside
$86.48 Price Target
Short Interest
Healthy
2.42% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.89mentions of Trade Desk in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$12.57 M Sold Last Quarter
Proj. Earnings Growth
75.00%
From $0.48 to $0.84 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

Computer And Technology Sector

109th out of 584 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

8th out of 59 stocks


TTD stock logo

About Trade Desk (NASDAQ:TTD) Stock

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 Price History

TTD Stock News Headlines

Windfall profits possible with this under-the-radar lithium stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Trade Desk Unusual Options Activity For September 22
Trade Desk Unusual Options Activity For September 20
10 Best Ad-tech Stocks To Buy Now
Windfall profits possible with this under-the-radar lithium stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Should You Buy The Trade Desk (TTD)?
The Trade Desk, Inc. (NASDAQ:TTD) Director Sells $214,718.00 in Stock
The Trade Desk Is Priced For Perfection
Why The Trade Desk Stock Lost 12% in August
What 27 Analyst Ratings Have To Say About Trade Desk
The Trade Desk Stock: Headed to $105?
See More Headlines
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TTD Company Calendar

Last Earnings
8/09/2023
Today
9/27/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Current Symbol
NASDAQ:TTD
Fax
N/A
Employees
2,770
Year Founded
2009

Price Target and Rating

Average Stock Price Forecast
$86.48
High Stock Price Forecast
$105.00
Low Stock Price Forecast
$34.00
Forecasted Upside/Downside
+14.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
24 Analysts

Profitability

Net Income
$53.38 million
Pretax Margin
11.14%

Debt

Sales & Book Value

Annual Sales
$1.58 billion
Cash Flow
$0.22 per share
Book Value
$4.31 per share

Miscellaneous

Free Float
437,208,000
Market Cap
$37.20 billion
Optionable
Optionable
Beta
1.72

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Key Executives

  • Mr. Jeffrey Terry GreenMr. Jeffrey Terry Green (Age 46)
    Co-Founder, Chairman, Pres & CEO
    Comp: $5.44M
  • Mr. David R. Pickles (Age 45)
    Founder, CTO & Director
    Comp: $1.52M
  • Mr. Jay R. GrantMr. Jay R. Grant (Age 56)
    Chief Legal Officer & Sec.
    Comp: $1.52M
  • Ms. Laura SchenkeinMs. Laura Schenkein
    Chief Financial Officer
  • Ms. Tahnil Davis
    Exec. VP & Chief Accounting Officer
  • Mr. Chris Toth
    VP of Investor Relations
  • Mr. Ian Colley
    Exec. VP & Chief Marketing Officer
  • Ms. Robyn Perry
    Sr. VP of People Operations
  • Mr. Jed Dederick
    Exec. VP & Chief Client Officer
  • Mr. Tim Sims
    Chief Revenue Officer













TTD Stock - Frequently Asked Questions

Should I buy or sell Trade Desk stock right now?

24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Trade Desk in the last year. There are currently 3 sell ratings, 1 hold rating and 20 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 forecast for 2023?

24 brokers have issued 12-month target prices for Trade Desk's stock. Their TTD share price forecasts range from $34.00 to $105.00. On average, they predict the company's share price to reach $86.48 in the next year. This suggests a possible upside of 14.0% 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 2023?

Trade Desk's stock was trading at $44.83 on January 1st, 2023. Since then, TTD stock has increased by 69.3% and is now trading at $75.88.
View the best growth stocks for 2023 here
.

When is Trade Desk's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our TTD earnings forecast
.

How were Trade Desk's earnings last quarter?

The Trade Desk, Inc. (NASDAQ:TTD) announced its quarterly earnings data on Wednesday, August, 9th. The technology company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by $0.01. The technology company earned $464.25 million during the quarter, compared to analyst estimates of $455.21 million. Trade Desk had a net margin of 7.46% and a trailing twelve-month return on equity of 6.43%.

When did Trade Desk's stock split?

Shares of Trade Desk split on the morning of Wednesday, June 9th 2021. The 10-1 split was announced on Monday, May 10th 2021. The newly minted shares were distributed 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 third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $485.00M-, compared to the consensus revenue estimate of $479.61 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?

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

What is Trade Desk's stock symbol?

Trade Desk trades on the NASDAQ under the ticker symbol "TTD."

Who are Trade Desk's major shareholders?

Trade Desk's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (9.31%), BlackRock Inc. (4.55%), State Street Corp (1.81%), Jennison Associates LLC (1.51%), Geode Capital Management LLC (1.31%) and Goldman Sachs Group Inc. (0.87%). Insiders that own company stock include Andrea Lee Cunningham, Blake Jeffrey Grayson, Brian John Stempeck, David B Wells, David Randall Pickles, Eric B Paley, Eric B Paley, Gokul Rajaram, Jay R Grant, Jeffrey Terry Green, Kathryn E Falberg, Laura Schenkein, Lise J Buyer, Marketing Services SAS Total 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Trade Desk's stock price today?

One share of TTD stock can currently be purchased for approximately $75.88.

How much money does Trade Desk make?

Trade Desk (NASDAQ:TTD) has a market capitalization of $37.20 billion and generates $1.58 billion in revenue each year. The technology company earns $53.38 million in net income (profit) each year or $0.26 on an earnings per share basis.

How many employees does Trade Desk have?

The company employs 2,770 workers across the globe.

How can I contact Trade Desk?

Trade Desk's mailing address is 42 N. CHESTNUT STREET, VENTURA CA, 93001. The official website for the company is www.thetradedesk.com. The technology company can be reached via phone at (805) 585-3434 or via email at ir@thetradedesk.com.

This page (NASDAQ:TTD) was last updated on 9/27/2023 by MarketBeat.com Staff

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