Trade Desk (NASDAQ:TTD) Given New $40.00 Price Target at Royal Bank Of Canada

Trade Desk (NASDAQ:TTD) had its price target decreased by Royal Bank Of Canada from $65.00 to $40.00 in a research note released on Thursday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the technology company’s stock.

Other equities analysts have also issued reports about the stock. Citigroup reduced their target price on shares of Trade Desk from $50.00 to $38.00 and set a “neutral” rating for the company in a research note on Tuesday, January 27th. Truist Financial reduced their price objective on Trade Desk from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday. New Street Research downgraded Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 price objective for the company. in a report on Thursday. Susquehanna dropped their target price on Trade Desk from $135.00 to $85.00 and set a “positive” rating on the stock in a research report on Friday, November 7th. Finally, Moffett Nathanson reaffirmed a “neutral” rating and set a $32.00 price target on shares of Trade Desk in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.70.

Trade Desk Stock Performance

Shares of TTD opened at $23.95 on Thursday. The stock has a 50 day simple moving average of $32.54 and a 200 day simple moving average of $42.09. Trade Desk has a 52-week low of $21.08 and a 52-week high of $91.45. The firm has a market capitalization of $11.58 billion, a PE ratio of 26.61, a P/E/G ratio of 0.99 and a beta of 1.10.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.59. Trade Desk had a net margin of 15.31% and a return on equity of 16.60%. The firm had revenue of $846.79 million for the quarter, compared to analyst estimates of $840.56 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The business’s revenue was up 14.3% on a year-over-year basis. Equities research analysts predict that Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its board has authorized a share buyback plan on Thursday, November 6th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Trade Desk

Large investors have recently made changes to their positions in the stock. Transce3nd LLC acquired a new position in Trade Desk during the second quarter worth $28,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Trade Desk in the 2nd quarter valued at about $28,000. Estabrook Capital Management bought a new position in shares of Trade Desk in the 2nd quarter valued at about $36,000. Family Legacy Financial Solutions LLC increased its stake in shares of Trade Desk by 163.2% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock worth $25,000 after purchasing an additional 310 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Trade Desk by 175.8% in the 3rd quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after purchasing an additional 334 shares during the period. Institutional investors and hedge funds 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: Board approved a $350 million share repurchase program (up to ~2.9% of shares), signaling management thinks shares are undervalued. RTT News
• Positive Sentiment: Q4 results: revenue of ~$847M (up ~14% YoY) and EPS roughly in line with consensus; audio and CTV remain growth vectors cited by management. Q4 Press Release
• Neutral Sentiment: Product/market development — Trade Desk rolled out the “Ventura Ecosystem” to bolster CTV transparency and monetization, which is strategically positive but will take time to materially move top-line results. Ventura Ecosystem
• Neutral Sentiment: Unusually large options activity: a spike in call option volume indicates elevated trader/speculator interest that can increase intraday volatility but doesn’t change fundamentals.
• Negative Sentiment: Softer Q1 guidance and trimmed profitability expectations (management warned adjusted EBITDA could be materially lower), which investors interpreted as a sign of near‑term slowing — this is the primary driver of the sharp share decline. Fool: Stock Drop Proactive: Soft Q1
• Negative Sentiment: Broad analyst re-rating today: multiple firms sharply lowered price targets and several downgraded the stock (examples: New Street to Sell $17, Loop to Hold $25; multiple banks cut PTs—BMO $55, Oppenheimer $35, Morgan Stanley $30, DA Davidson $32, etc.). The collective cuts amplify selling pressure. TipRanks: Analyst Cuts
• Negative Sentiment: Demand headwinds: commentary and coverage note pressure from automotive and consumer-packaged‑goods advertisers — these verticals are important ad spend buckets and weakness there weighs on near-term growth outlook. Seeking Alpha: CPG & Auto Headwinds

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.