How to Buy Trade Desk Stock
Trade Desk Inc
Trade Desk, Inc. operates as a technology company in the United States and internationally.
Trade Desk stock last closed at $80.81, up 0.85% from the previous day, and has increased 30.09% in one year. It has overperformed other stocks in the Software - Application industry by 0.12 percentage points. Trade Desk stock is currently +36.14% from its 52-week low of $59.36, and -14.03% from its 52-week high of $94.00.
There are currently 488.94M TTD shares outstanding. The market cap of TTD is $39.51B. In the last 24 hours, 1.9M TTD shares were traded.
How to Buy Trade Desk Stock
Not sure how to invest in Trade Desk stock? Here's how.
- Figure out where to buy Trade Desk stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you choose where to buy Trade Desk stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Pick your method of payment and add your info.
- Research Trade Desk stock: The Trade Desk ticker symbol is TTD. Is Trade Desk stock a good investment? Should you buy shares of TTD? How do TTD's underlying business fundamentals look? Do top analysts think Trade Desk is a good buy? Why has TTD's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if TTD is a good stock to buy).
- Place your TTD buy order: Decide if you will purchase TTD shares at the current market price or use a limit order to buy TTD stock at a given price.
- Monitor your TTD investment: Create a watchlist to the latest updates on your investment in Trade Desk stock.
Step 1: Figure out where to buy Trade Desk stock
You need an online brokerage account to access the NASDAQ market and buy TTD stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal information so you are able to buy TTD today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open a new trading account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've created your account on one of the best stock trading apps, you can securely and quickly fund your account:
Check out the tutorial below to see the process of depositing funds into your brokerage account.
Step 4: Research Trade Desk stock
Once you have figured out the best place to buy Trade Desk stock, it's important to research their stock prior to investing, so you truly wrap your head around the risk and upside.
Trade Desk Metrics
Trade Desk Due Diligence Checks
WallStreetZen was built to help part-time investors perform more accurate fundamental analysis quickly.
You can see all of the due diligence checks on TTD's stock page.
Is TTD stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge TTD's fair value.
Using relative valuations ratios:
- TTD could be overvalued based on its P/E ratio of 218.41x, relative to Software - Application industry P/E ratio of 98.93x
- TTD may be overvalued based on its P/B ratio of 18.26x, relative to Software - Application industry P/B ratio of 6.39x
- TTD may be overvalued based on its PEG ratio of 5.09x
You can access more valuation research on TTD's stock here.
A look at TTD Cashflows and Balance Sheet
Signs that TTD is financially healthy:
- Total TTD debt is lower than 5 years ago, relative to shareholder equity.
- TTD's operating cash flow of $598.32M allows it to safely service it's debt of $235.89M.
- There are more short-term assets than short-term liabilities on the TTD balance sheet.
- There are more short-term assets than long-term liabilities on the TTD balance sheet.
- TTD earnings of $199.49M is not sufficient to cover its interest payments.
- TTD profit margin has gone up from 3.4% to 9.2% in the past year.
Signs that TTD is not financially healthy:
- TTD has a relatively high debt to equity ratio of 1.26.
Do analysts think it's a good time to buy Trade Desk stock
Out of 14 Equities analysts who give forecasts on TTD, the consensus analyst rating on TTD is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Latest TTD Analyst Forecasts
Justin Patterson, a top 12% analyst from KeyBanc maintains TTD with a strong buy rating and raises their TTD price target from $84.00 to $100.00, on Feb 16, 2024.
Matt Farrell, a top 23% analyst from Piper Sandler maintains TTD with a strong buy rating and raises their TTD price target from $80.00 to $105.00, on Feb 16, 2024.
Mark Kelley, a top 1% analyst from Stifel Nicolaus maintains TTD with a strong buy rating and raises their TTD price target from $80.00 to $100.00, on Feb 16, 2024.
Jason Helfstein, a top 2% analyst from Oppenheimer maintains TTD with a buy rating and raises their TTD price target from $85.00 to $105.00, on Feb 16, 2024.
Oppenheimer's Jason Helfstein raised their price target on Trade Desk (NASDAQ: TTD) by 23.5% from $85 to $105 on 2024/02/16. The analyst maintained their Buy rating on the stock.
After seeing Trade Desk's 2024/02/15-dated Q4 and FY 2023 earnings report, Helfstein said they raised their price target because management "guided to accelerating ad demand, even before political advertising, providing concrete examples of how Unified ID Solution 2.0 adoption should more than offset the negative impact of Chrome cookie deprecation."
Earnings Report
Trade Desk reported:
For Q4 2023:
- EPS of $0.41, up 78.9% from Q4 2022's $0.38.
- Revenue of $606M, up 23.4% from Q4 2022's $491M.
- Adjusted EBITDA of $284M, up 15.9% from Q4 2022's $245M.
- The repurchase of $220M in stock in the quarter.
For FY 2023:
- EPS of 1.26, up 21.2% from FY 2022's $1.04.
- Revenue of $1.946B, up 23.3% from FY 2022's $1.578B.
- Adjusted EBITDA of $772M, up 15.6% from Q4 2022's $668M.
- The repurchase of $647M in stock in the year.
- $53M available for stock repurchases at 2023 year-end.
For Q1 2024, management guided:
- Revenue of at least $478M.
- Adjusted EBITDA of $130M.
Founder and CEO Jeff Green commented: “Once again, The Trade Desk outpaced nearly all areas of digital advertising in 2023, with $1.95B of revenue representing 23% growth Y/Y and a record $9.6B of spend on our platform
" At the same time, we continue to generate significant profitability and cash flow, which allows us to remain at the bleeding edge of our industry, with innovations such as Kokai.
"Our results are a testament to the growing value that advertisers are placing on the open internet versus the limitations of walled gardens.
“More and more of the world’s leading advertisers are gravitating to channels and partnerships that offer precision and premium value at scale, such as Connected TV (CTV) and retail media.
"More companies across the advertising ecosystem are leveraging new tools, such as UID2, OpenPath and OpenPass, which allow them to build the new identity and authentication fabric of the open internet.
"And with the launch of Kokai, we are bringing more value to advertisers with the industry’s most advanced, intuitive media buying platform.”
Youssef Squali, a top 2% analyst from Truist Securities maintains TTD with a strong buy rating and raises their TTD price target from $80.00 to $100.00, on Feb 16, 2024.
You can dig deeper into what analysts are projecting on the Trade Desk stock forecast page.
TTD Technical Indicators
How are TTD Revenues/Earnings doing?
Last year, TTD earnings were $178.94M. Over the past five year, TTD's earnings have gone up by 12.21% per year. This was slower than the Software - Application industry average of 31.41%.
Last year, TTD revenue was $1.95B. During the past 5 year, TTD's revenue has grown by 32.46% per year. This was faster than the Software - Application industry average of 27.61%.
Learn more about TTD's earnings and revenue performance here.
What are TTD insiders up to?
Over the past 12 months, executives and large shareholders at TTD have sold more shares than they have bought.
Jeffrey Terry Green, President and CEO of TTD, was the latest TTD insider to sell. They sold $224,666.00 worth of TTD shares on Apr 15, 2024.
Dig into more about who owns TTD shares here.
Can I get consistent income from TTD stock?
No, Trade Desk doesn't provide an income stream by paying out dividends.
TTD Social Trading Data
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your TTD buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular price, place a limit order.
Hit the Open button and eToro will place the order.
If you need additional help with buying stocks on eToro, click the helpful video below:
Step 6: Monitor your TTD investment
Now that you own some TTD stock, you'll want to keep up with your stock purchase.
Create a watchlist to monitor your TTD stock.
TTD Feed
How to Buy Stock in Trade Desk
To reiterate, here are the 6 steps to buy stock in Trade Desk:
- Figure out where to buy Trade Desk stock
- Open a brokerage account
- Fund your investment account
- Research Trade Desk stock
- Place your TTD buy order
- Monitor your TTD investment
If you require a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Trade Desk, get started below.
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