Trade Desk (NASDAQ:TTD) Price Target Cut to $48.00 by Analysts at Stifel Nicolaus

Trade Desk (NASDAQ:TTD) had its price target lowered by Stifel Nicolaus from $74.00 to $48.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

TTD has been the topic of several other research reports. Wells Fargo & Company set a $42.00 target price on shares of Trade Desk and gave the company an “equal weight” rating in a report on Monday, January 12th. UBS Group reissued a “buy” rating and issued a $50.00 price objective (down from $82.00) on shares of Trade Desk in a research note on Tuesday, January 20th. Bank of America decreased their target price on Trade Desk from $49.00 to $40.00 and set an “underperform” rating for the company in a research note on Tuesday, January 20th. Cantor Fitzgerald set a $43.00 target price on Trade Desk and gave the stock a “neutral” rating in a report on Thursday, January 8th. Finally, Guggenheim restated a “buy” rating and set a $50.00 price target (down from $55.00) on shares of Trade Desk in a report on Monday, January 5th. One equities 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $44.70.

Trade Desk Price Performance

Trade Desk stock opened at $23.95 on Thursday. The stock’s 50 day moving average is $32.54 and its 200 day moving average is $42.09. Trade Desk has a one year low of $21.08 and a one year high of $91.45. The firm has a market cap of $11.58 billion, a P/E ratio of 26.61, a P/E/G ratio of 0.99 and a beta of 1.10.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 net margin of 15.31% and a return on equity of 16.60%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.59 EPS. Equities analysts anticipate that Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has approved a share buyback plan on Thursday, November 6th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Family Legacy Financial Solutions LLC raised its holdings 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 during the last quarter. Versant Capital Management Inc increased its holdings in Trade Desk by 175.8% during the 3rd quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock worth $26,000 after purchasing an additional 334 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Trade Desk in the third quarter worth approximately $26,000. Elevation Wealth Partners LLC raised its stake in shares of 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 during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Trade Desk in the second quarter valued at approximately $28,000. 67.77% of the stock is owned by institutional investors.

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.