Trade Desk’s (TTD) Hold Rating Reiterated at Cfra

Cfra reissued their hold rating on shares of Trade Desk (NASDAQ:TTD) in a research note released on Tuesday morning,Benzinga reports. The firm currently has a $40.00 price objective on the technology company’s stock.

Other analysts have also recently issued research reports about the company. Zacks Research upgraded Trade Desk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Bank of America decreased their price target on shares of Trade Desk from $49.00 to $40.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 20th. BNP Paribas Exane began coverage on shares of Trade Desk in a report on Wednesday, January 14th. They set a “neutral” rating and a $40.00 price target for the company. Wells Fargo & Company set a $42.00 price objective on shares of Trade Desk and gave the company an “equal weight” rating in a research note on Monday, January 12th. Finally, JMP Securities set a $60.00 target price on shares of Trade Desk and gave the stock a “market outperform” rating in a research report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $65.53.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $31.25 on Tuesday. Trade Desk has a 1 year low of $30.82 and a 1 year high of $125.80. The business has a 50 day moving average price of $37.44 and a 200 day moving average price of $49.94. The company has a market capitalization of $15.11 billion, a P/E ratio of 35.92, a P/E/G ratio of 1.25 and a beta of 1.11.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The firm had revenue of $739.43 million for the quarter, compared to analysts’ expectations of $719.11 million. During the same quarter in the prior year, the firm earned $0.41 EPS. Trade Desk’s quarterly revenue was up 17.7% on a year-over-year basis. As a group, research analysts expect that Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has initiated a stock buyback plan on Thursday, November 6th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 2.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Trade Desk

Institutional investors have recently added to or reduced their stakes in the company. State Street Corp grew its stake in Trade Desk by 271.1% during the third quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock worth $1,781,723,000 after buying an additional 26,559,005 shares during the period. Vanguard Group Inc. raised its stake in shares of Trade Desk by 27.7% in the 3rd quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock valued at $2,787,486,000 after acquiring an additional 12,321,000 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Trade Desk by 52.1% during the 2nd quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock valued at $884,860,000 after acquiring an additional 4,218,975 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Trade Desk by 101.0% during the 3rd quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock valued at $333,659,000 after acquiring an additional 3,421,074 shares in the last quarter. Finally, Norges Bank purchased a new stake in Trade Desk during the 2nd quarter worth $197,362,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

More Trade Desk News

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

• Positive Sentiment: Xumo announced that advertisers can now access its premium streaming inventory directly via The Trade Desk’s OpenPath, which strengthens TTD’s supply relationships and programmatic streaming positioning. Xumo Expands Direct Access to Premium Streaming Inventory via The Trade Desk’s OpenPath
• Neutral Sentiment: Stifel’s Mark Kelley kept a Buy rating but cut his price target (from $90 to $74), signaling confidence in TTD’s long-term opportunity while tempering near-term upside. Optimism for Trade Desk (TTD) Following Solid Results Preview
• Neutral Sentiment: Scotiabank assigned a Hold to TTD, which signals caution but is not an active sell signal for investors weighing exposure. Trade Desk (TTD) Receives a Hold from Scotiabank
• Negative Sentiment: Citi issued a pessimistic forecast for TTD’s stock, contributing to bearish analyst momentum and downward pressure on the share price. Citigroup Issues Pessimistic Forecast for Trade Desk (NASDAQ:TTD) Stock Price
• Negative Sentiment: Rosenblatt cut its expectations for Trade Desk, adding to the string of lowered analyst outlooks. Rosenblatt Securities Has Lowered Expectations for Trade Desk (NASDAQ:TTD) Stock Price
• Negative Sentiment: CFRA moved from a “moderate buy” to a “hold” (and later reaffirmed the hold), reflecting reduced conviction from a previously more bullish analyst and signaling less near-term support. Cfra Reaffirms “Hold” Rating for Trade Desk (NASDAQ:TTD)
• Negative Sentiment: Coverage roundups and market stories note TTD hit a one-year low after the analyst downgrades, amplifying selling pressure and headline-driven volatility. Trade Desk (NASDAQ:TTD) Hits New 1-Year Low on Analyst Downgrade
• Negative Sentiment: Market commentary (e.g., Yahoo Finance) ties today’s share weakness to the cluster of downgrades and target cuts, which has pressured sentiment despite recent solid quarterly results. Why The Trade Desk Stock Is Plummeting Today

Trade Desk Company Profile

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.