Trade Desk (NASDAQ:TTD) Given New $55.00 Price Target at BMO Capital Markets

Trade Desk (NASDAQ:TTD) had its target price reduced by BMO Capital Markets from $98.00 to $55.00 in a research report released on Thursday morning,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

TTD has been the subject of a number of other reports. Moffett Nathanson reiterated a “neutral” rating and set a $32.00 price target on shares of Trade Desk in a report on Thursday. Zacks Research raised shares of Trade Desk from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Benchmark reiterated a “buy” rating and issued a $40.00 price target (down from $65.00) on shares of Trade Desk in a report on Monday. Scotiabank restated a “sector perform” rating and set a $32.00 price objective (down from $60.00) on shares of Trade Desk in a report on Thursday. Finally, Loop Capital lowered Trade Desk from a “buy” rating to a “hold” rating and dropped their target price for the company from $75.00 to $25.00 in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $44.70.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $23.95 on Thursday. The business’s fifty day moving average price is $32.54 and its two-hundred day moving average price is $42.09. The stock has a market cap 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 one year low of $21.08 and a one year high of $91.45.

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

Trade Desk announced that its board has approved a share repurchase program on Thursday, November 6th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the technology company to purchase up to 2.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Trade Desk

A number of institutional investors have recently added to or reduced their stakes in TTD. STF Management LP raised its holdings in shares of Trade Desk by 2.1% in the 2nd quarter. STF Management LP now owns 6,627 shares of the technology company’s stock worth $477,000 after purchasing an additional 136 shares during the period. Brighton Jones LLC increased its position in Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after purchasing an additional 169 shares in the last quarter. M&T Bank Corp raised its holdings in Trade Desk by 0.7% in the second quarter. M&T Bank Corp now owns 27,607 shares of the technology company’s stock valued at $1,987,000 after buying an additional 194 shares during the period. Parkside Financial Bank & Trust lifted its position in Trade Desk by 52.2% during the second quarter. Parkside Financial Bank & Trust now owns 586 shares of the technology company’s stock valued at $42,000 after buying an additional 201 shares in the last quarter. Finally, AE Wealth Management LLC grew its stake in Trade Desk by 5.4% during the second quarter. AE Wealth Management LLC now owns 4,553 shares of the technology company’s stock worth $328,000 after buying an additional 235 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk News Roundup

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.