Royal Bank Of Canada Lowers Trade Desk (NASDAQ:TTD) Price Target to $40.00

Trade Desk (NASDAQ:TTD) had its target price decreased by equities research analysts at Royal Bank Of Canada from $65.00 to $40.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 67.93% from the stock’s current price.

A number of other brokerages also recently commented on TTD. UBS Group restated a “buy” rating and issued a $50.00 target price (down from $82.00) on shares of Trade Desk in a research note on Tuesday, January 20th. KeyCorp reissued an “overweight” rating and issued a $40.00 price target (down from $88.00) on shares of Trade Desk in a report on Tuesday, February 3rd. Needham & Company LLC lowered their price objective on Trade Desk from $60.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday. Cannonball Research raised Trade Desk to a “strong-buy” rating in a report on Monday, January 12th. Finally, Moffett Nathanson reaffirmed a “neutral” rating and issued a $32.00 price objective on shares of Trade Desk in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Trade Desk presently has an average rating of “Hold” and an average target price of $44.70.

Trade Desk Price Performance

Trade Desk stock opened at $23.82 on Thursday. Trade Desk has a 12 month low of $21.08 and a 12 month high of $91.45. The company has a fifty day moving average price of $32.27 and a two-hundred day moving average price of $41.89. The company has a market cap of $11.52 billion, a PE ratio of 26.47, a P/E/G ratio of 0.94 and a beta of 1.10.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.59. Trade Desk had a net margin of 15.31% and a return on equity of 16.60%. The company had revenue of $846.79 million for the quarter, compared to the consensus estimate of $840.56 million. During the same period last year, the firm posted $0.59 EPS. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. Equities research analysts anticipate that Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk announced that its board has initiated a stock repurchase program on Thursday, November 6th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to buy up to 2.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Trade Desk

Hedge funds have recently made changes to their positions in the stock. Tempo Wealth LLC bought a new position in shares of Trade Desk in the fourth quarter valued at approximately $237,000. Pacer Advisors Inc. raised its stake in Trade Desk by 3.5% during the 4th quarter. Pacer Advisors Inc. now owns 258,803 shares of the technology company’s stock worth $9,824,000 after buying an additional 8,833 shares during the period. Walser Wealth Management Company A Ltd Liability Co bought a new position in Trade Desk in the fourth quarter valued at approximately $212,000. Virtu Financial LLC acquired a new position in shares of Trade Desk during the fourth quarter worth about $3,152,000. Finally, Sunbelt Securities Inc. grew its position in Trade Desk by 16.4% in the fourth quarter. Sunbelt Securities Inc. now owns 23,993 shares of the technology company’s stock valued at $911,000 after purchasing an additional 3,374 shares in the last quarter. Institutional investors 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: Board authorized a $350 million share repurchase (about 2.9% of shares), signaling management thinks the stock is undervalued. MarketBeat Buyback Report
• Positive Sentiment: Q4 beat: revenue of ~$847M and EPS in line with consensus; core ad businesses (CTV/video) remain large and audio is cited as an emerging growth driver. Proactive Investors Q4 Coverage
• Positive Sentiment: Product roadmap/Kokai platform rollout noted as a potential catalyst that could restore growth and justify valuation after the pullback. Yahoo Valuation/Kokai Article
• Neutral Sentiment: Unusually large options volume — indicates elevated trading/speculation and hedging activity around the stock but not directional confirmation. American Banking News Options Note
• Negative Sentiment: Softer Q1 guidance: management guided Q1 revenue growth below Street expectations (roughly +10% vs. ~12% consensus) and flagged a ~500bps year‑over‑year margin headwind, which spooked investors. Yahoo: Jefferies Reaction & Guidance Note
• Negative Sentiment: Profitability outlook hit: management’s adjusted EBITDA guidance implies a material near‑term cut (one article notes adjusted EBITDA could be halved), increasing short‑term earnings uncertainty. Fool: EBITDA/Guidance Coverage
• Negative Sentiment: Broad analyst repricing: multiple firms cut price targets and ratings after the guidance (examples include Jefferies, Loop, New Street and others), reflecting increased skepticism about near‑term growth and competitive pressure. TipRanks: Analyst Reactions
• Negative Sentiment: Market share and secular worries: coverage highlights slowing growth, competition (notably Amazon), and investor reassessment of the “independent objective ad‑tech” thesis, pressuring multiples. Fool: Competitive/Thesis Coverage

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.