Across the recent three months, 14 analysts have shared their insights on Trade Desk TTD, expressing a variety of opinions spanning from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 8 | 0 | 0 | 1 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 7 | 0 | 0 | 1 |
| 3M Ago | 1 | 1 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $94.79, along with a high estimate of $110.00 and a low estimate of $42.00. Marking an increase of 22.63%, the current average surpasses the previous average price target of $77.30.
Interpreting Analyst Ratings: A Closer Look
A comprehensive examination of how financial experts perceive Trade Desk is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Laura Martin | Needham | Maintains | Buy | $100.00 | - |
| Laura Martin | Needham | Maintains | Buy | $100.00 | - |
| Mark Zgutowicz | Benchmark | Raises | Sell | $42.00 | $32.00 |
| Nicholas Zangler | Stephens & Co. | Maintains | Overweight | $85.00 | - |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $105.00 | $90.00 |
| Brian Pitz | BMO Capital | Raises | Outperform | $107.00 | $88.00 |
| Justin Patterson | Keybanc | Raises | Overweight | $100.00 | $84.00 |
| Matt Farrell | Piper Sandler | Raises | Overweight | $105.00 | $80.00 |
| Mark Kelley | Stifel | Raises | Buy | $100.00 | $80.00 |
| Jason Helfstein | Oppenheimer | Raises | Outperform | $105.00 | $85.00 |
| Youssef Squali | Truist Securities | Raises | Buy | $100.00 | $80.00 |
| Shyam Patil | Susquehanna | Raises | Positive | $110.00 | $75.00 |
| Brian Pitz | BMO Capital | Announces | Outperform | $88.00 | - |
| Mark Kelley | Stifel | Raises | Buy | $80.00 | $79.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Trade Desk. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Trade Desk compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Trade Desk's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Capture valuable insights into Trade Desk's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Trade Desk analyst ratings.
Delving into Trade Desk's Background
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.
Understanding the Numbers: Trade Desk's Finances
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Trade Desk's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 23.45%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Communication Services sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 16.07%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.51%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Trade Desk's ROA stands out, surpassing industry averages. With an impressive ROA of 2.07%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.11.
The Basics of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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