What's Going On With The Trade Desk Shares Thursday?

The Trade Desk, Inc. TTD stock is trading lower on Thursday after the company reported worse-than-expected 2024 fiscal-year fourth-quarter earnings on Wednesday.

What To Know: The Trade Desk reported revenue of $741.01 million, missing analysts’ estimate of $758.93 million, but representing a 22% year-over-year increase. In addition, the company reported adjusted earnings per share of 59 cents, beating analysts’ estimate of 56 cents.

Jeff Green, founder and CEO of The Trade Desk, said, “The Trade Desk once again outpaced nearly every segment of digital advertising in 2024, delivering $2.4 billion of revenue – marking accelerated growth of 26% year over year – and a record $12 billion of spend on our platform. At the same time, we achieved significant profitability and cash flow. While we are proud of these accomplishments, we are disappointed that we fell short of our own expectations in the fourth quarter.”

The company also issued guidance for the 2025 fiscal-year first-quarter. It sees revenue of at least $575 million, below analysts’ estimate of $591.80 million and it expects adjusted EBITDA of about $145 million.

Analysts Changes: Following the earnings report, several analysts issued price target adjustments.

• Stifel analyst Mark Kelley maintained a Buy rating on The Trade Desk and lowered the price target from $144 to $122.
• Truist Securities analyst Youssef Squali maintained a Buy rating on The Trade Desk and lowered the price target from $155 to $130.
• DA Davidson analyst Tom White maintained a Buy rating on The Trade Desk and lowered the price target from $134 to $103.
• Susquehanna analyst Shyam Patil maintained a Positive rating on The Trade Desk and lowered the price target from $150 to $135.

See Also: Major Purchase Alert: Christopher Christensen Invests $649K In Ensign Group Stock

TTD Price Action: At the time of publication, The Trade Desk stock is trading 31.8% lower at $83.31, according to data from Benzinga Pro.

Image: This illustration was generated using artificial intelligence via Midjourney.