Trade Desk (TTD) Stock Forecast & Price Target

Trade Desk
Bear Case

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

• The company recently reported adjusted earnings of $0.34 per share, missing the consensus estimate of $0.40, and revenue of $715.1 million, which fell short of expectations of $752.4 million, reinforcing concerns that near-term growth is not meeting investor expectations.
• Revenue growth has slowed significantly, with the most recent quarter showing only a 3% increase year over year, which is a sharp deceleration from the 17.7% growth seen in the same quarter of the previous year, raising doubts about the sustainability of the company's growth trajectory.
• Wall Street sentiment has turned negative, with the current consensus rating downgraded to "Reduce" and a consensus price target of $19.33, reflecting widespread analyst concern over slowing revenue growth and soft advertising demand across key categories.
• Short interest has increased, with 83,623,628 shares shorted as of the most recent record date, representing a short percentage of float of approximately 20.09%, which indicates that a significant portion of the market is betting against the stock's future performance.
• The stock has experienced a substantial decline, falling nearly 90% from its peak levels, and is currently one of the biggest laggards in the S&P 500 Index for 2026, suggesting that the market is pricing in significant long-term challenges for the company.