Trade Desk (NASDAQ:TTD) Price Target Cut to $35.00 by Analysts at Oppenheimer

Trade Desk (NASDAQ:TTD) had its price objective trimmed by Oppenheimer from $70.00 to $35.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock.

TTD has been the topic of several other reports. Moffett Nathanson reiterated a “neutral” rating and set a $32.00 price target on shares of Trade Desk in a research report on Thursday. Needham & Company LLC lowered their target price on Trade Desk from $60.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday. Guggenheim reiterated a “buy” rating and issued a $50.00 price target (down from $55.00) on shares of Trade Desk in a research report on Monday, January 5th. Cannonball Research raised shares of Trade Desk to a “strong-buy” rating in a report on Monday, January 12th. Finally, Rosenblatt Securities lowered their price objective on shares of Trade Desk from $53.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Trade Desk has an average rating of “Hold” and a consensus price target of $44.70.

Trade Desk Trading Down 4.8%

Trade Desk stock opened at $23.95 on Thursday. Trade Desk has a 52 week low of $21.08 and a 52 week high of $91.45. The stock has a market cap of $11.58 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 0.99 and a beta of 1.10. The company’s 50-day moving average price is $32.54 and its two-hundred day moving average price is $42.09.

Trade Desk (NASDAQ:TTD) last posted 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. Trade Desk had a net margin of 15.31% and a return on equity of 16.60%. The business had revenue of $846.79 million during the quarter, compared to analysts’ expectations of $840.56 million. During the same period last year, the firm posted $0.59 earnings per share. The business’s revenue was up 14.3% on a year-over-year basis. Research analysts expect that Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its board has initiated a stock buyback program 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 programs are often an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. STF Management LP lifted its position 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 valued at $477,000 after acquiring an additional 136 shares in the last quarter. Brighton Jones LLC raised its stake in Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after purchasing an additional 169 shares during the period. M&T Bank Corp lifted its holdings in shares of 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 purchasing an additional 194 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Trade Desk by 52.2% in the second quarter. Parkside Financial Bank & Trust now owns 586 shares of the technology company’s stock worth $42,000 after buying an additional 201 shares during the period. Finally, AE Wealth Management LLC boosted its position in shares of Trade Desk by 5.4% in 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. 67.77% of the stock is owned by hedge funds and other institutional investors.

Key Headlines 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

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.