Trade Desk (NASDAQ:TTD) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Trade Desk (NASDAQ:TTD) had its target price upped by research analysts at Cantor Fitzgerald from $14.00 to $15.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Cantor Fitzgerald‘s price objective points to a potential downside of 2.72% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Wedbush restated a “neutral” rating and issued a $15.00 target price on shares of Trade Desk in a report on Tuesday. Moffett Nathanson set a $6.00 price target on shares of Trade Desk in a research report on Friday, August 7th. Citigroup lifted their price target on Trade Desk from $11.00 to $12.00 and gave the company a “sell” rating in a research note on Tuesday. Zacks Research raised Trade Desk from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. Finally, UBS Group reissued a “buy” rating and set a $19.00 price objective (up from $15.00) on shares of Trade Desk in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and nine have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $18.66.

Trade Desk Trading Up 3.3%

TTD opened at $15.42 on Wednesday. The company’s fifty day moving average price is $13.13 and its two-hundred day moving average price is $19.41. Trade Desk has a 1-year low of $11.62 and a 1-year high of $45.50. The company has a market cap of $7.25 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 1.61 and a beta of 0.98.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Monday, November 9th. The technology company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.29. The firm had revenue of $735.97 million for the quarter, compared to analyst estimates of $650.93 million. Trade Desk had a net margin of 11.03% and a return on equity of 14.64%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the firm earned $0.45 earnings per share. As a group, equities analysts forecast that Trade Desk will post 0.52 earnings per share for the current fiscal year.

Institutional Trading of Trade Desk

Several institutional investors have recently made changes to their positions in TTD. NBH Bank purchased a new stake in shares of Trade Desk in the second quarter valued at about $30,000. EverSource Wealth Advisors LLC lifted its position in shares of Trade Desk by 159.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,031 shares of the technology company’s stock valued at $46,000 after purchasing an additional 1,247 shares in the last quarter. South Dakota Investment Council bought a new position in shares of Trade Desk during the first quarter valued at about $54,000. Western Wealth Management LLC purchased a new position in Trade Desk during the first quarter worth about $56,000. Finally, Oslo Pensjonsforsikring AS purchased a new position in Trade Desk during the first quarter worth about $79,000. Institutional investors own 67.77% of the company’s stock.

Trade Desk News Roundup

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

• Positive Sentiment: Q3 revenue was about $736 million, ahead of estimates, and adjusted EPS of $0.33 also topped expectations. Management forecast Q4 revenue of $755 million, above the roughly $692 million analyst consensus. Trade Desk Q3 Earnings & Revenues Beat Estimates, Down Y/Y
• Positive Sentiment: The company plans to cut about 15% of its workforce, targeting more than $100 million in gross savings in 2027, and expanded its share-repurchase authorization by $731 million. These steps may support efficiency and shareholder returns. Trade Desk: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Unusually high call-option buying suggests some traders are positioning for further gains, though options activity is not a guarantee of future performance. Trade Desk Stock Sees Heavy Call Option Buying
• Neutral Sentiment: DA Davidson initiated coverage with a Neutral rating, reflecting a cautious stance despite the earnings beat. Trade Desk Stock Rated Neutral in New Coverage at DA Davidson
• Negative Sentiment: Underlying results remain pressured: revenue slipped 0.5% year over year and quarterly profit fell sharply. Analysts also cited competitive headwinds, while sluggish growth and execution remain concerns. Trade Desk Faces Competitive Headwinds Despite Political Ad Boost
• Negative Sentiment: Analyst views are mixed-to-cautious: Citi maintained a Sell rating despite raising its target to $12, below the cited share price. The Trade Desk: Rating Downgrade

Trade Desk Company Profile

The Trade Desk, Inc. provides a technology platform that helps advertisers and advertising agencies plan, buy, and measure digital advertising. Its self-service platform uses automated, data-driven tools to help clients purchase advertising inventory across channels such as connected TV, mobile, audio, and display. The company also offers tools for campaign management, audience targeting, measurement, and access to data and advertising inventory. Its platform is designed to help clients manage campaigns across multiple media channels and publishers.