Trade Desk (NASDAQ:TTD) Given New $36.00 Price Target at Rosenblatt Securities

Trade Desk (NASDAQ:TTDGet Free Report) had its price objective cut by investment analysts at Rosenblatt Securities from $53.00 to $36.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Rosenblatt Securities’ price objective would indicate a potential upside of 43.08% from the stock’s current price.

TTD has been the subject of several other reports. Wells Fargo & Company set a $42.00 price target on Trade Desk and gave the company an “equal weight” rating in a report on Monday, January 12th. Zacks Research upgraded shares of Trade Desk from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Cantor Fitzgerald set a $43.00 price objective on shares of Trade Desk and gave the company a “neutral” rating in a research note on Thursday, January 8th. Wall Street Zen upgraded shares of Trade Desk from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Needham & Company LLC cut their target price on Trade Desk from $60.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $53.79.

Check Out Our Latest Stock Report on TTD

Trade Desk Stock Performance

Shares of TTD opened at $25.16 on Thursday. The company has a market capitalization of $12.17 billion, a PE ratio of 28.92, a PEG ratio of 0.98 and a beta of 1.10. The company’s 50 day moving average price is $32.81 and its 200 day moving average price is $42.22. Trade Desk has a 52 week low of $23.78 and a 52 week high of $91.45.

Trade Desk (NASDAQ:TTDGet Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The business had revenue of $846.79 million for the quarter, compared to analysts’ expectations of $840.56 million. During the same period in the previous year, the company posted $0.59 EPS. Trade Desk’s revenue was up 14.3% on a year-over-year basis. On average, equities analysts forecast that Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its board has authorized a stock repurchase program on Thursday, November 6th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the technology company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Trade Desk

Several large investors have recently bought and sold shares of TTD. Family Legacy Financial Solutions LLC raised its position in shares of Trade Desk by 163.2% during the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after buying an additional 310 shares during the last quarter. Versant Capital Management Inc raised its holdings in Trade Desk by 175.8% in the 3rd quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after acquiring an additional 334 shares in the last quarter. Root Financial Partners LLC acquired a new position in Trade Desk in the 3rd quarter valued at approximately $26,000. Elevation Wealth Partners LLC grew its holdings in shares of Trade Desk by 2,382.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock worth $27,000 after purchasing an additional 691 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Trade Desk during the second quarter valued at approximately $28,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk News Summary

Here are the key news stories impacting Trade Desk this week:

About Trade Desk

(Get Free Report)

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.

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Analyst Recommendations for Trade Desk (NASDAQ:TTD)

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