Trade Desk, Inc. operates as a technology company in the United States and internationally.
Trade Desk stock last closed at $119.19, down 0.85% from the previous day, and has increased 68.44% in one year. It has overperformed other stocks in the Software - Application industry by 0.33 percentage points. Trade Desk stock is currently +97.89% from its 52-week low of $60.23, and -3.76% from its 52-week high of $123.85.
There are currently 491.58M TTD shares outstanding. The market cap of TTD is $58.59B. In the last 24 hours, 3.32M TTD shares were traded.
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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.
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.
Analysts use many financial metrics, analyses, models, and charts to gauge TTD's fair value.
Using relative valuations ratios:
You can access more valuation research on TTD's stock here.
Out of 23 Equities analysts who give forecasts on TTD, the consensus analyst rating on TTD is a Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Tim Nollen, a bottom 6% analyst from Macquarie maintains TTD with a buy rating and raises their TTD price target from $115.00 to $130.00, on Oct 11, 2024.
Justin Patterson, a top 9% analyst from KeyBanc maintains TTD with a strong buy rating and raises their TTD price target from $115.00 to $130.00, on Oct 9, 2024.
KeyBanc's Justin Patterson raised their price target on Trade Desk (NASDAQ: TTD) by 13% from $115 to $130 on 2024/10/09. The analyst maintained their Strong Buy rating on the stock.
Trade Desk is expected to report its Q3 2024 earnings on 2024/11/07.
Patterson told readers that KeyBanc's channel checks into the print suggest the ad market remained solid in Q3.
The analyst added that KeyBanc expects Trade Desk to deliver upside against consensus revenue and EPS estimates on "more favorable movements in several key currencies."
Patterson told investors not to expect Internet companies to guide aggressively into Q4 because of macro instability and a shorter holiday selling season.
Nevertheless, the analyst said that their firm believes "product cycles at Trade Desk will support solid growth into 2025."
Deepak Mathivanan, a top 4% analyst from Cantor Fitzgerald reiterates TTD with a hold rating and maintains their TTD price target from $110.00 to $110.00, on Oct 7, 2024.
Youssef Squali, a top 2% analyst from Truist Securities maintains TTD with a strong buy rating and raises their TTD price target from $108.00 to $120.00, on Oct 2, 2024.
Laura Martin, a top 1% analyst from Needham maintains TTD with a buy rating and raises their TTD price target from $115.00 to $125.00, on Oct 1, 2024.
You can dig deeper into what analysts are projecting on the Trade Desk stock forecast page.
Last year, TTD earnings were $253.36M. Over the past five year, TTD's earnings have gone up by 17.68% per year. This was slower than the Software - Application industry average of 149.08%.
Last year, TTD revenue was $2.17B. During the past 5 year, TTD's revenue has grown by 31.16% per year. This was faster than the Software - Application industry average of 28.28%.
Learn more about TTD's earnings and revenue performance here.
Over the past 12 months, executives and large shareholders at TTD have sold more shares than they have bought.
Laura Schenkein, Chief Financial Officer of TTD, was the latest TTD insider to sell. They sold $3,010,750.00 worth of TTD shares on Oct 22, 2024.
Dig into more about who owns TTD shares here.
No, Trade Desk doesn't provide an income stream by paying out dividends.
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To reiterate, here are the 6 steps to buy stock in Trade Desk:
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