Trade Desk (NASDAQ:TTD) Price Target Cut to $38.00 by Analysts at Citigroup

Trade Desk (NASDAQ:TTD) had its price objective reduced by Citigroup from $50.00 to $38.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Citigroup currently has a neutral rating on the technology company’s stock.

Several other equities research analysts have also commented on the company. DA Davidson reduced their price objective on Trade Desk from $80.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Moffett Nathanson raised Trade Desk from a “sell” rating to a “neutral” rating and set a $39.00 price target on the stock in a report on Monday, January 12th. Cannonball Research upgraded shares of Trade Desk to a “strong-buy” rating in a research note on Monday, January 12th. Rosenblatt Securities decreased their price objective on Trade Desk from $64.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Bank of America reduced their target price on shares of Trade Desk from $49.00 to $40.00 and set an “underperform” rating on the stock in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Trade Desk currently has an average rating of “Hold” and a consensus target price of $65.53.

Trade Desk Stock Down 4.8%

TTD opened at $32.19 on Tuesday. The stock has a market capitalization of $15.57 billion, a price-to-earnings ratio of 37.00, a PEG ratio of 1.33 and a beta of 1.11. The firm has a 50 day moving average price of $37.75 and a 200-day moving average price of $50.20. Trade Desk has a twelve month low of $31.83 and a twelve month high of $125.80.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The firm had revenue of $739.43 million for the quarter, compared to analysts’ expectations of $719.11 million. During the same period in the prior year, the firm earned $0.41 EPS. The company’s revenue was up 17.7% compared to the same quarter last year. As a group, analysts expect that Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk announced that its board has authorized a stock buyback plan on Thursday, November 6th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to buy up to 2.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Trade Desk

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Trade Desk by 27.7% during the 3rd quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock valued at $2,787,486,000 after acquiring an additional 12,321,000 shares in the last quarter. State Street Corp grew its stake in Trade Desk by 271.1% during the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock valued at $1,781,723,000 after purchasing an additional 26,559,005 shares during the last quarter. Jennison Associates LLC boosted its position in Trade Desk by 17.9% in the second quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock valued at $1,027,114,000 after buying an additional 2,169,252 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Trade Desk by 52.1% in the 2nd quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock valued at $884,860,000 after acquiring an additional 4,218,975 shares during the last quarter. Finally, Brown Advisory Inc. boosted its holdings in Trade Desk by 2.7% in the second quarter. Brown Advisory Inc. now owns 8,323,522 shares of the technology company’s stock valued at $599,212,000 after purchasing an additional 221,228 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trending Headlines about Trade Desk

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

• Positive Sentiment: Rosenblatt kept a “buy” rating despite cutting its price target (from $64 to $53), signaling some analysts still see material upside. Rosenblatt PT cut
• Positive Sentiment: CFRA reaffirmed a “hold” and set a $40 price target, implying upside from current levels and suggesting some analysts see the pullback as an opportunity. CFRA rating
• Neutral Sentiment: The company named longtime Chief Accounting Officer Tahnil Davis as interim CFO, which provides continuity because she’s been at The Trade Desk nearly 11 years. This should limit disruption but doesn’t remove uncertainty about a permanent hire. Interim CFO announcement
• Neutral Sentiment: The company updated Q4 FY2025 guidance with revenue roughly in line with consensus (~$840M vs ~$841.4M), implying no major near-term fundamental shock from operations. (Company update)
• Negative Sentiment: Sudden resignation of CFO Alex Kayyal triggered analyst downgrades and selling pressure; coverage notes this is the second CFO transition in under six months and heightened governance/leadership concerns. Fool: CFO exit
• Negative Sentiment: Citigroup cut its price target from $50 to $38 and moved to “neutral,” joining other firms that trimmed targets/ratings — analyst cuts amplify downside in the short term. Citigroup PT cut
• Negative Sentiment: Market reaction: shares hit a new 52-week low on heightened volume as sentiment-driven selling overwhelmed fundamentals on the news. 52-week low

Trade Desk Company Profile

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.