Trade Desk (TTD) Stock Forecast, Price & News

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Trade Desk in the last year. There are currently 1 sell rating, 5 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TTD shares.
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19 Wall Street research analysts have issued twelve-month price targets for Trade Desk's shares. Their TTD share price forecasts range from $38.00 to $90.00. On average, they predict the company's share price to reach $70.67 in the next twelve months. This suggests a possible upside of 1.0% from the stock's current price.
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Trade Desk's stock was trading at $44.83 at the start of the year. Since then, TTD shares have increased by 56.1% and is now trading at $69.98.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
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The Trade Desk, Inc. (NASDAQ:TTD) posted its quarterly earnings results on Wednesday, May, 10th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.05. The technology company earned $382.80 million during the quarter, compared to the consensus estimate of $364.85 million. Trade Desk had a net margin of 4.70% and a trailing twelve-month return on equity of 3.99%.

ETFs with the largest weight of Trade Desk (NASDAQ:TTD) stock in their portfolio include Meet Kevin Pricing Power ETF (PP), Invesco Dynamic Software ETF (PSJ), SmartETFs Advertising & Marketing Technology ETF (MRAD), VictoryShares Nasdaq Next 50 ETF (QQQN), Invesco Select Growth ETF (IVSG), AI Quality Growth ETF (AQGX), Franklin Exponential Data ETF (XDAT) and Motley Fool Next Index ETF (TMFX).

Shares of Trade Desk 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 issued 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.

Trade Desk updated its second quarter 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $452.00M-, compared to the consensus revenue estimate of $445.40 million.

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.

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).

(TTD) raised $70 million in an initial public offering (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.

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

Trade Desk's stock is owned by many different retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (9.34%), BlackRock Inc. (4.44%), JPMorgan Chase & Co. (3.99%), Price T Rowe Associates Inc. MD (2.67%), State Street Corp (1.82%) and Jennison Associates LLC (1.57%). Insiders that own company stock include Blake Jeffrey Grayson, Brian John Stempeck, David B Wells, David Randall Pickles, Eric B Paley, Eric B Paley, Gokul Rajaram, Jeffrey Terry Green, Kathryn E Falberg, Marketing Services SAS Total, Susan Vobejda and Vivian Yang.
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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.
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One share of TTD stock can currently be purchased for approximately $69.98.

Trade Desk (NASDAQ:TTD) has a market capitalization of $34.21 billion and generates $1.58 billion in revenue each year. The technology company earns $53.38 million in net income (profit) each year or $0.15 on an earnings per share basis.

The company employs 2,770 workers across the globe.

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.