Wedbush Reiterates “Underperform” Rating for Trade Desk (NASDAQ:TTD)

Trade Desk (NASDAQ:TTD)‘s stock had its “underperform” rating reiterated by Wedbush in a note issued to investors on Friday, MarketBeat Ratings reports. They currently have a $23.00 price objective on the technology company’s stock. Wedbush’s target price points to a potential downside of 21.45% from the company’s previous close.

Other research analysts have also issued research reports about the company. Oppenheimer reduced their price target on Trade Desk from $70.00 to $35.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Citigroup cut their price objective on shares of Trade Desk from $50.00 to $38.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 27th. Rosenblatt Securities decreased their target price on shares of Trade Desk from $53.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. New Street Research cut shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 target price on the stock. in a research note on Thursday, February 26th. Finally, Piper Sandler restated a “neutral” rating and set a $28.00 price target (down from $50.00) on shares of Trade Desk in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, fifteen have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, Trade Desk presently has a consensus rating of “Hold” and a consensus target price of $43.45.

Trade Desk Stock Performance

Shares of TTD opened at $29.28 on Friday. The firm has a fifty day moving average of $31.16 and a 200-day moving average of $40.89. The company has a market cap of $14.16 billion, a price-to-earnings ratio of 32.53, a price-to-earnings-growth ratio of 1.16 and a beta of 1.13. Trade Desk has a 1 year low of $21.08 and a 1 year high of $91.45.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data 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 net margin of 15.31% and a return on equity of 16.89%. The business had revenue of $846.79 million for the quarter, compared to analysts’ expectations of $840.56 million. During the same quarter last year, the company earned $0.59 EPS. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. Analysts predict that Trade Desk will post 1.06 EPS for the current year.

Trade Desk declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 25th that allows the company to repurchase $350.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Trade Desk

Large investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC lifted its position in shares of Trade Desk by 11.9% during the 4th quarter. Hsbc Holdings PLC now owns 1,027,963 shares of the technology company’s stock valued at $39,116,000 after acquiring an additional 109,297 shares during the last quarter. AG Campbell Advisory LLC acquired a new position in shares of Trade Desk in the 4th quarter worth $42,000. SHP Wealth Management acquired a new stake in shares of Trade Desk during the fourth quarter worth $115,000. Tempo Wealth LLC acquired a new stake in shares of Trade Desk during the fourth quarter worth $237,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Trade Desk by 3.5% during the fourth quarter. Pacer Advisors Inc. now owns 258,803 shares of the technology company’s stock valued at $9,824,000 after purchasing an additional 8,833 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

More Trade Desk News

Here are the key news stories impacting Trade Desk this week:

• Positive Sentiment: OpenAI partnership reports pushed strong upside expectations for TTD, triggering an 18% rally as investors price in access to ChatGPT ad inventory and new AI-driven demand channels. The Trade Desk (TTD) Soars 18% on OpenAI Deal Buzz
• Positive Sentiment: CEO Jeff Green made a large insider purchase (~6M shares, reported ~$148M), which traders view as a confidence signal and helped amplify the rally. Trade Desk (TTD) Soars 20% after CEO’s Huge $148M Insider Purchase
• Positive Sentiment: The company launched the Ventura Ecosystem to unify CTV platforms and OS partners — a strategic move that could improve CTV monetization long term if adoption follows. The Trade Desk (TTD) Introduces Ventura Ecosystem for Connected TV Advertising
• Positive Sentiment: Some analysts remain constructive (Evercore reiterated Buy with a $35 target), arguing the OpenAI angle + insider buying and stretched sell-off leave upside. The Trade Desk: Buy Rated on OpenAI Ad Partnership Upside…
• Neutral Sentiment: Industry / sector rebound articles highlight TTD among software stocks that look attractive after the correction — supportive context but not an immediate catalyst. The Software Recovery Already Started: 5 Stocks to Buy Now
• Neutral Sentiment: Company presentation/transcript from the Morgan Stanley TMT conference is available; useful for modeling but no new financial guidance released in these materials. The Trade Desk, Inc. (TTD) Presents at Morgan Stanley…
• Negative Sentiment: Wedbush downgraded TTD to Underperform, saying the stock has rallied too far on OpenAI hype and that the partnership’s impact may be overstated; they set a $23 price target — a direct catalyst for selling pressure. Wedbush downgrades The Trade Desk, says OpenAI deal impact overestimated
• Negative Sentiment: Underlying fundamentals remain a concern: recent guidance misses and slowing revenue growth have forced a reset in growth/valuation expectations, which leaves the rally vulnerable to profit-taking and skeptical sell-side views. The Trade Desk Stock Dropped 5% on a Guidance Miss

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.