Beyond The Numbers: 28 Analysts Discuss Trade Desk Stock

Comments
Loading...

In the latest quarter, 28 analysts provided ratings for Trade Desk TTD, showcasing a mix of bullish and bearish perspectives.

The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 9 14 3 0 2
Last 30D 0 1 0 0 0
1M Ago 0 4 0 0 0
2M Ago 7 7 0 0 2
3M Ago 2 2 3 0 0

Analysts have recently evaluated Trade Desk and provided 12-month price targets. The average target is $129.86, accompanied by a high estimate of $150.00 and a low estimate of $57.00. This upward trend is evident, with the current average reflecting a 11.49% increase from the previous average price target of $116.48.

price target chart

Decoding Analyst Ratings: A Detailed Look

A clear picture of Trade Desk's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Scott Devitt Wedbush Maintains Outperform $135.00 $135.00
Nat Schindler Scotiabank Announces Sector Outperform $133.00 -
Tim Nollen Macquarie Raises Outperform $150.00 $133.00
Shweta Khajuria Evercore ISI Group Raises Outperform $135.00 $110.00
Shyam Patil Susquehanna Maintains Positive $150.00 $150.00
Rob Sanderson Loop Capital Raises Buy $145.00 $120.00
Tom White DA Davidson Raises Buy $134.00 $108.00
Tim Nollen Macquarie Raises Outperform $133.00 $130.00
Chris Kuntarich UBS Raises Buy $150.00 $140.00
Jason Helfstein Oppenheimer Raises Outperform $135.00 $120.00
Scott Devitt Wedbush Raises Outperform $135.00 $115.00
Shyam Patil Susquehanna Raises Positive $150.00 $135.00
Youssef Squali Truist Securities Raises Buy $135.00 $120.00
Mark Zgutowicz Benchmark Maintains Sell $57.00 $57.00
Matt Farrell Piper Sandler Raises Overweight $140.00 $110.00
Vikram Kesavabhotla Baird Raises Outperform $140.00 $130.00
Clark Lampen BTIG Raises Buy $142.00 $114.00
Dan Salmon New Street Research Maintains Sell $86.00 $86.00
Alec Brondolo Wells Fargo Announces Overweight $150.00 -
Ygal Arounian Citigroup Raises Buy $140.00 $115.00
Mark Kelley Stifel Raises Buy $136.00 $111.00
Tim Nollen Macquarie Raises Outperform $130.00 $115.00
Justin Patterson Keybanc Raises Overweight $130.00 $115.00
Youssef Squali Truist Securities Raises Buy $120.00 $108.00
Laura Martin Needham Raises Buy $125.00 $115.00
Deepak Mathivanan Cantor Fitzgerald Maintains Neutral $110.00 $110.00
Deepak Mathivanan Cantor Fitzgerald Maintains Neutral $110.00 $110.00
Michael Nathanson MoffettNathanson Announces Neutral $100.00 -

Key Insights:

  • Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Trade Desk. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Trade Desk compared to the broader market.
  • Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.

For valuable insights into Trade Desk's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on Trade Desk analyst ratings.

About Trade Desk

The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, and social) on different devices like computers, smartphones, and connected TVs. It utilizes data to optimize the performance of ad impressions purchased. The firm's platform is referred to as a demand-side platform in the digital ad industry. The firm generates its revenue from fees based on a percentage of what its clients spend on advertising.

Trade Desk's Economic Impact: An Analysis

Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.

Revenue Growth: Trade Desk's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 27.32%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Communication Services sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: Trade Desk's net margin excels beyond industry benchmarks, reaching 14.99%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Trade Desk's ROE stands out, surpassing industry averages. With an impressive ROE of 3.74%, the company demonstrates effective use of equity capital and strong financial performance.

Return on Assets (ROA): Trade Desk's ROA stands out, surpassing industry averages. With an impressive ROA of 1.77%, the company demonstrates effective utilization of assets and strong financial performance.

Debt Management: Trade Desk's debt-to-equity ratio is below the industry average. With a ratio of 0.11, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

Understanding the Relevance of Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

Which Stocks Are Analysts Recommending Now?

Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Overview Rating:
Speculative
50%
Technicals Analysis
100
0100
Financials Analysis
20
0100
Overview
Market News and Data brought to you by Benzinga APIs
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!