Trade Desk (NASDAQ:TTD) Price Target Cut to $32.00 by Analysts at DA Davidson

Trade Desk (NASDAQ:TTD) had its price target decreased by DA Davidson from $54.00 to $32.00 in a report released on Thursday,Benzinga reports. DA Davidson currently has a buy rating on the technology company’s stock.

A number of other research analysts have also weighed in on the company. Wall Street Zen raised Trade Desk from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Oppenheimer reduced their price objective on shares of Trade Desk from $70.00 to $35.00 and set an “outperform” rating for the company in a research note on Thursday. Rosenblatt Securities decreased their target price on shares of Trade Desk from $53.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday. Cantor Fitzgerald reissued a “neutral” rating and issued a $22.00 price target on shares of Trade Desk in a report on Thursday. Finally, Bank of America reduced their price target on shares of Trade Desk from $49.00 to $40.00 and set an “underperform” rating for the company in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $44.70.

Trade Desk Price Performance

Shares of TTD stock opened at $23.95 on Thursday. The company’s fifty day simple moving average is $32.54 and its two-hundred day simple moving average is $42.09. Trade Desk has a 1 year low of $21.08 and a 1 year high of $91.45. The stock has a market capitalization of $11.58 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 0.99 and a beta of 1.10.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.59 EPS for the quarter, hitting analysts’ consensus estimates of $0.59. The firm had revenue of $846.79 million during the quarter, compared to analyst estimates 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 for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. Equities research analysts anticipate that Trade Desk will post 1.06 EPS 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 outstanding shares. This buyback authorization authorizes the technology company to buy up to 2.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TTD. Brighton Jones LLC lifted its stake in Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after purchasing an additional 169 shares during the last quarter. Bison Wealth LLC raised its holdings in shares of Trade Desk by 24.3% during the 4th quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock valued at $291,000 after buying an additional 485 shares in the last quarter. Woodline Partners LP lifted its position in Trade Desk by 75.5% in the 1st quarter. Woodline Partners LP now owns 5,275 shares of the technology company’s stock worth $289,000 after buying an additional 2,269 shares during the last quarter. Ethic Inc. boosted its stake in Trade Desk by 59.9% in the second quarter. Ethic Inc. now owns 5,657 shares of the technology company’s stock worth $392,000 after buying an additional 2,119 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC boosted its stake in Trade Desk by 11.9% in the second quarter. Ashton Thomas Private Wealth LLC now owns 18,218 shares of the technology company’s stock worth $1,312,000 after buying an additional 1,936 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

More Trade Desk News

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

About Trade Desk

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.