Trade Desk (NASDAQ:TTD) Given New $50.00 Price Target at Truist Financial

Trade Desk (NASDAQ:TTD) had its target price reduced by Truist Financial from $60.00 to $50.00 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

TTD has been the subject of a number of other research reports. Jefferies Financial Group set a $40.00 price objective on shares of Trade Desk and gave the company a “hold” rating in a research note on Thursday, December 11th. Wells Fargo & Company set a $42.00 price target on shares of Trade Desk and gave the stock an “equal weight” rating in a research note on Monday, January 12th. KeyCorp restated an “overweight” rating and set a $40.00 price target (down from $88.00) on shares of Trade Desk in a research report on Tuesday, February 3rd. UBS Group reiterated a “buy” rating and issued a $50.00 price objective (down from $82.00) on shares of Trade Desk in a report on Tuesday, January 20th. Finally, Susquehanna lowered their target price on Trade Desk from $135.00 to $85.00 and set a “positive” rating for the company in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $44.70.

Trade Desk Trading Down 4.8%

Shares of Trade Desk stock opened at $23.95 on Thursday. The firm has a market capitalization of $11.58 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 0.99 and a beta of 1.10. Trade Desk has a 12 month low of $21.08 and a 12 month high of $91.45. The business’s 50-day moving average price is $32.54 and its 200-day moving average price is $42.09.

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

Trade Desk declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 6th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Trade Desk

Several large investors have recently bought and sold shares of TTD. Family Legacy Financial Solutions LLC raised its position in shares of Trade Desk by 163.2% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock worth $25,000 after acquiring an additional 310 shares in the last quarter. Versant Capital Management Inc grew its stake in Trade Desk by 175.8% in the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock worth $26,000 after purchasing an additional 334 shares during the period. Root Financial Partners LLC bought a new position in Trade Desk in the third quarter worth $26,000. Elevation Wealth Partners LLC raised its holdings in Trade Desk by 2,382.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock worth $27,000 after purchasing an additional 691 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Trade Desk during the second quarter valued at $28,000. 67.77% of the stock is owned by institutional investors.

Key Stories Impacting 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.