Trade Desk (NASDAQ:TTD) Given New $30.00 Price Target at Morgan Stanley

Trade Desk (NASDAQ:TTD) had its price target reduced by Morgan Stanley from $42.00 to $30.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an equal weight rating on the technology company’s stock.

A number of other research firms have also recently weighed in on TTD. Wedbush reiterated a “neutral” rating and set a $23.00 price target (down from $40.00) on shares of Trade Desk in a report on Tuesday. Guggenheim reaffirmed a “buy” rating and issued a $50.00 target price (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 research note on Monday, January 12th. Truist Financial reduced their price target on shares of Trade Desk from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Weiss Ratings lowered shares of Trade Desk from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 27th. 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 given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $44.70.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $23.95 on Thursday. The company has a market capitalization 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. The company has a 50 day simple moving average of $32.54 and a 200-day simple moving average of $42.09. 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 EPS for the quarter, meeting analysts’ consensus estimates of $0.59. The firm had revenue of $846.79 million for the quarter, compared to analysts’ expectations of $840.56 million. Trade Desk had a return on equity of 16.60% and a net margin of 15.31%.The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 earnings per share. As a group, research analysts expect that Trade Desk will post 1.06 EPS for the current year.

Trade Desk declared that its Board of Directors has authorized a share repurchase plan on Thursday, November 6th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to buy up to 2.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Trade Desk

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

Key Stories 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

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.