Scotiabank Forecasts Strong Price Appreciation for Trade Desk (NASDAQ:TTD) Stock

Trade Desk (NASDAQ:TTD) had its price objective increased by equities researchers at Scotiabank from $12.00 to $15.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “sector perform” rating on the technology company’s stock. Scotiabank‘s target price suggests a potential downside of 3.30% from the stock’s previous close.

Other analysts also recently issued reports about the company. Evercore set a $14.00 price objective on Trade Desk in a research report on Tuesday, September 8th. Royal Bank Of Canada lifted their target price on Trade Desk from $15.00 to $18.00 and gave the company a “sector perform” rating in a report on Tuesday. UBS Group restated a “buy” rating and set a $19.00 target price on shares of Trade Desk in a research note on Tuesday. Rosenblatt Securities lifted their price target on Trade Desk from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Wells Fargo & Company set a $12.00 price target on shares of Trade Desk and gave the company an “equal weight” rating in a research note on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and nine have assigned a Sell rating to the company. According to data from MarketBeat, Trade Desk has a consensus rating of “Reduce” and a consensus price target of $18.58.

Trade Desk Stock Up 3.9%

Shares of Trade Desk stock traded up $0.58 on Tuesday, reaching $15.51. The company’s stock had a trading volume of 28,115,589 shares, compared to its average volume of 20,271,295. The company has a market capitalization of $7.29 billion, a P/E ratio of 18.35, a PEG ratio of 1.43 and a beta of 0.98. Trade Desk has a 52-week low of $11.62 and a 52-week high of $45.50. The stock has a 50-day moving average price of $13.09 and a 200-day moving average price of $19.52.

Trade Desk (NASDAQ:TTD) last announced its 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. Trade Desk had a net margin of 13.61% and a return on equity of 16.09%. The business had revenue of $735.97 million for the quarter, compared to analyst estimates of $650.93 million. During the same quarter last year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Sell-side analysts forecast that Trade Desk will post 0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trade Desk

Several hedge funds have recently modified their holdings of the stock. Tema ETFs LLC raised its position in shares of Trade Desk by 9.5% during the second quarter. Tema ETFs LLC now owns 8,360 shares of the technology company’s stock valued at $151,000 after buying an additional 725 shares during the last quarter. Sunbelt Securities Inc. grew its position in Trade Desk by 4.1% in the first quarter. Sunbelt Securities Inc. now owns 24,976 shares of the technology company’s stock valued at $567,000 after acquiring an additional 983 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Trade Desk by 159.1% during the 1st 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 during the last quarter. New Mexico Educational Retirement Board grew its position in Trade Desk by 6.3% during the 2nd quarter. New Mexico Educational Retirement Board now owns 21,900 shares of the technology company’s stock worth $396,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in Trade Desk by 13.4% in the 1st quarter. Chicago Partners Investment Group LLC now owns 12,707 shares of the technology company’s stock valued at $299,000 after purchasing an additional 1,498 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk News Roundup

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

• Positive Sentiment: Third-quarter adjusted earnings were $0.33 per share and revenue was about $736 million, topping analyst expectations. The company forecast fourth-quarter revenue of $755 million, above the roughly $692 million consensus estimate. Benzinga: What’s Going On With Trade Desk Stock Tuesday?
• Positive Sentiment: Management expanded its share-repurchase authorization, while a planned 15% workforce reduction is expected to generate more than $100 million in gross savings in 2027. Investors may also see AI products and connected-TV opportunities as potential growth drivers. The Motley Fool: Three Key Takeaways for Long-Term Investors
• Neutral Sentiment: Analyst actions were cautious overall: Needham reaffirmed its Buy rating and $19 target, while RBC and Guggenheim raised targets but maintained sector-perform or neutral ratings. Wedbush kept its neutral rating and $15 target.
• Negative Sentiment: Revenue fell 0.5% year over year—the first contraction in years—and management acknowledged growth remains below its desired level. Commentary about discounts, layoffs and competitive pressure raises questions about how sustainable the rebound will be. 24/7 Wall St.: Revenue Shrunk for the First Time in Years

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.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk serves clients in markets around the world.