Trade Desk (NASDAQ:TTD) Stock Price Target Raised at Piper Sandler

Trade Desk (NASDAQ:TTD) had its price objective lifted by stock analysts at Piper Sandler from $14.00 to $16.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. Piper Sandler‘s target price would suggest a potential downside of 2.04% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Evercore set a $14.00 price objective on shares of Trade Desk in a research report on Tuesday, September 8th. Raymond James Financial lowered shares of Trade Desk from a “market perform” rating to an “underperform” rating in a research note on Friday, August 7th. Royal Bank Of Canada raised their target price on shares of Trade Desk from $15.00 to $18.00 and gave the stock a “sector perform” rating in a report on Tuesday. Citigroup lifted their target price on Trade Desk from $11.00 to $12.00 and gave the company a “sell” rating in a research note on Tuesday. Finally, DA Davidson began coverage on Trade Desk in a research note on Tuesday. They issued a “neutral” rating for the company. Four analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and nine have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $18.43.

Trade Desk Trading Up 5.9%

Shares of NASDAQ TTD opened at $16.33 on Wednesday. Trade Desk has a twelve month low of $11.62 and a twelve month high of $45.50. The company has a market capitalization of $7.67 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 1.61 and a beta of 0.98. The business has a 50 day simple moving average of $13.13 and a 200-day simple moving average of $19.41.

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

Hedge Funds Weigh In On Trade Desk

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in shares of Trade Desk in the 2nd quarter worth about $39,750,000. Renaissance Technologies LLC boosted its stake in Trade Desk by 59.0% during the 1st quarter. Renaissance Technologies LLC now owns 5,440,541 shares of the technology company’s stock valued at $123,446,000 after purchasing an additional 2,018,525 shares during the period. Public Sector Pension Investment Board boosted its stake in Trade Desk by 1,090.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 1,451,653 shares of the technology company’s stock valued at $17,785,000 after purchasing an additional 1,329,736 shares during the period. Bank of Nova Scotia grew its position in Trade Desk by 1,913.4% in the 1st quarter. Bank of Nova Scotia now owns 1,394,787 shares of the technology company’s stock worth $31,648,000 after purchasing an additional 1,325,513 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in Trade Desk by 330.0% in the 1st quarter. Quantinno Capital Management LP now owns 1,496,748 shares of the technology company’s stock worth $33,961,000 after purchasing an additional 1,148,680 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Key Stories Impacting Trade Desk

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

• Positive Sentiment: Q3 revenue was about $736 million, beating analyst estimates and the company’s prior expectations; adjusted earnings also topped forecasts. Management’s Q4 revenue outlook of $755 million exceeded the roughly $692 million consensus, helping bolster confidence in the recovery. Trade Desk Q3 results beat expectations, but analyst flags revenue composition concerns
• Positive Sentiment: Investors may also see workforce reductions and an expanded share-repurchase authorization as support for future efficiency and shareholder returns. Trade Desk: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Analyst signals remain mixed: Cantor Fitzgerald raised its price target to $15 but kept a neutral rating, while DA Davidson initiated coverage at neutral. Cantor Fitzgerald stock recommendations
• Negative Sentiment: Q3 revenue was still down 0.5% year over year, and quarterly profit fell sharply, with margin strain and restructuring costs weighing on results. Analysts have also raised concerns about revenue composition, slowing growth, and competitive pressure in digital advertising. The Trade Desk Beats on Revenue, But the Fine Print Matters

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.