In the latest quarter, 13 analysts provided ratings for Trade Desk TTD, showcasing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 5 | 0 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 2 | 1 | 0 | 0 | 0 |
| 2M Ago | 5 | 3 | 0 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $106.77, with a high estimate of $112.00 and a low estimate of $100.00. Witnessing a positive shift, the current average has risen by 3.11% from the previous average price target of $103.55.
Exploring Analyst Ratings: An In-Depth Overview
The perception of Trade Desk by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Matt Farrell | Piper Sandler | Maintains | Overweight | $110.00 | $110.00 |
| Rob Sanderson | Loop Capital | Raises | Buy | $109.00 | $102.00 |
| Shyam Patil | Susquehanna | Maintains | Positive | $110.00 | $110.00 |
| Youssef Squali | Truist Securities | Maintains | Buy | $105.00 | - |
| Laura Martin | Needham | Maintains | Buy | $100.00 | $100.00 |
| Tom White | DA Davidson | Raises | Buy | $104.00 | $95.00 |
| Ygal Arounian | Citigroup | Raises | Buy | $112.00 | $110.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $110.00 | $105.00 |
| Brian Pitz | BMO Capital | Raises | Outperform | $108.00 | $107.00 |
| Mark Kelley | Stifel | Raises | Buy | $105.00 | $100.00 |
| Matt Farrell | Piper Sandler | Raises | Overweight | $110.00 | $105.00 |
| James Heaney | Jefferies | Raises | Buy | $105.00 | $95.00 |
| Laura Martin | Needham | Maintains | Buy | $100.00 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Trade Desk. This information offers 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: Understanding forecasts, analysts offer estimates for Trade Desk's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Trade Desk's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Trade Desk analyst ratings.
Unveiling the Story Behind 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.
Breaking Down Trade Desk's Financial Performance
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Trade Desk displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 28.33%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Communication Services sector.
Net Margin: Trade Desk's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 6.44%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Trade Desk's ROE excels beyond industry benchmarks, reaching 1.46%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Trade Desk's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.66%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.11, Trade Desk adopts a prudent financial strategy, indicating a balanced approach to debt management.
What Are 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.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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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