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Trade Desk Stock Price, News & Analysis (NASDAQ:TTD)

$70.63
+1.85 (+2.69%)
(As of 04:38 PM ET)
Compare
Today's Range
$68.02
$70.72
50-Day Range
$63.46
$85.16
52-Week Range
$41.20
$91.85
Volume
4.20 million shs
Average Volume
4.41 million shs
Market Capitalization
$34.63 billion
P/E Ratio
227.84
Dividend Yield
N/A
Price Target
$82.71

Trade Desk MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.77 Rating Score
Upside/​Downside
18.1% Upside
$82.71 Price Target
Short Interest
Healthy
2.52% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.38mentions of Trade Desk in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$34.88 M Sold Last Quarter
Proj. Earnings Growth
71.43%
From $0.42 to $0.72 Per Share

Overall MarketRank

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

2.78 out of 5 stars

Computer And Technology Sector

52nd out of 592 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

5th out of 42 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

The Trade Desk train returns to the station
Programmatic AdTech platform provider The Trade Desk saw its shares plunge 30% after reporting a strong Q3 earnings report followed by soft Q4 guidance
2 low priced AdTech stocks to ride the advertising rebound (TTD)
The growth of CTV devices and ad-supported streaming networks is a tailwind for these two SSP stocks that are priced cheap and didn't lower their guidance
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Trade Desk's dilemma as Q3 outcomes are eclipsed by guidance
Explore Trade Desk's market plunge and its impact on the digital advertising industry. Analyst insights, trends, and potential opportunities revealed.
Hologic, Doximity rise; Trade Desk, Plug Power fall, Friday, 11/10/2023
Stocks that are trading heavily or have substantial price changes Friday: Hologic, Doximity rise; Trade Desk, Plug Power fall
Trade Desk (NASDAQ:TTD) Stock Rating Reaffirmed by Truist Financial
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
The Trade Desk Stock: 2 Big Reasons to Buy the Dip
The Trade Desk Stock: No Reasons To Worry
The Trade Desk: Cathie Wood Pounces On Earnings Fall
Why The Trade Desk Stock Got Crushed Today
Why The Trade Desk Stock Is Down Today
Why The Trade Desk (TTD) Shares Are Trading Lower Today
Early Thanksgiving For The Trade Desk
See More Headlines
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Company Calendar

Last Earnings
11/09/2023
Today
12/08/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/21/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$82.71
High Stock Price Target
$103.00
Low Stock Price Target
$34.00
Potential Upside/Downside
+17.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77
Research Coverage
26 Analysts

Profitability

Net Income
$53.38 million
Pretax Margin
11.98%

Debt

Sales & Book Value

Annual Sales
$1.83 billion
Cash Flow
$0.22 per share
Book Value
$4.31 per share

Miscellaneous

Free Float
437,296,000
Market Cap
$34.63 billion
Optionable
Optionable
Beta
1.59

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Trade Desk was last updated on Sunday, December 3, 2023 at 5:06 PM.

Pros

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

  • The Trade Desk, Inc. operates a self-service cloud-based platform that enables ad buyers to create, manage, and optimize data-driven digital advertising campaigns. This platform provides advertisers with advanced targeting capabilities and real-time insights, allowing them to reach their target audience more effectively.
  • The company has a strong track record of financial performance, with consistent revenue growth over the past few years. This indicates a stable and profitable business model, which can be attractive to investors.
  • The Trade Desk, Inc. has a diversified customer base, including agencies, brands, and other service providers. This reduces the company's reliance on a single customer or industry, mitigating the risk of revenue concentration.
  • Recent developments in the digital advertising industry, such as the shift towards programmatic advertising and the increasing importance of data-driven targeting, present significant growth opportunities for The Trade Desk, Inc. as a leading player in this space.
  • The company's stock price has shown strong performance in recent periods, indicating positive investor sentiment and potential for capital appreciation.

Cons

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

  • The digital advertising industry is highly competitive, with numerous players vying for market share. This could potentially lead to pricing pressures and reduced profit margins for The Trade Desk, Inc.
  • The company's success is closely tied to the overall health of the global economy. Economic downturns or recessions could negatively impact advertising budgets, leading to a decline in demand for The Trade Desk, Inc.'s services.
  • Regulatory changes or privacy concerns related to data collection and targeted advertising could pose risks to the company's business model and growth prospects.
  • The Trade Desk, Inc. operates in multiple geographic regions, exposing it to foreign exchange risks and potential disruptions in international markets.
  • While the company has a strong market position, there is always the risk of technological advancements or disruptive innovations that could render The Trade Desk, Inc.'s current offerings less relevant or competitive.














TTD Stock Analysis - Frequently Asked Questions

Should I buy or sell Trade Desk stock right now?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Trade Desk in the last year. There are currently 2 sell ratings, 2 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street 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 brokers have issued 12 month price objectives for Trade Desk's stock. Their TTD share price targets range from $34.00 to $103.00. On average, they expect the company's share price to reach $82.71 in the next twelve months. This suggests a possible upside of 18.1% 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 shares have increased by 56.2% and is now trading at $70.04.
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, February 21st 2024.
View our TTD earnings forecast
.

How were Trade Desk's earnings last quarter?

The Trade Desk, Inc. (NASDAQ:TTD) released its earnings results on Thursday, November, 9th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.05. The technology company earned $493.27 million during the quarter, compared to analyst estimates of $486.94 million. Trade Desk had a net margin of 8.35% and a trailing twelve-month return on equity of 7.38%.

When did Trade Desk's stock split?

Trade Desk's stock split before market open on Wednesday, June 9th 2021. The 10-1 split was announced on Monday, May 10th 2021. The newly issued shares were payable to shareholders after the closing bell 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 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 $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.

Who are Trade Desk's major shareholders?

Trade Desk's stock is owned by many different institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (9.12%), Morgan Stanley (5.57%), Jennison Associates LLC (1.55%), Invesco Ltd. (1.20%), Northern Trust Corp (0.58%) and Zevenbergen Capital Investments LLC (0.54%). 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.

This page (NASDAQ:TTD) was last updated on 12/8/2023 by MarketBeat.com Staff

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