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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 $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.

How to Buy Trade Desk Stock

Not sure how to invest in Trade Desk stock? Here's how.
  1. 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.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Fund your investment account: Pick your method of payment and add your info.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 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.

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  2. Input your personal info to open a new trading account.
  1. Submit your details by pressing the "Create Account" button.
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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.

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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

TTD Price
$119.19
1w %
-0.23%
1y %
68.44%
5y %
486.85%
P/E
233.71x
P/B
24.36x
P/S
26.82x
PEG
4.87x
Revenue
$2.17B
Earnings
$253.36M
Fore. Rev. Growth
18.45%
Fore. Earn. Growth
47.95%
Market Cap
$58.59B
Next Earnings
Nov 7, 2024
Next Dividend
N/A

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 233.71x, relative to Software - Application industry P/E ratio of 18.31x
  • TTD may be overvalued based on its P/B ratio of 24.36x, relative to Software - Application industry P/B ratio of 7.09x
  • TTD may be overvalued based on its PEG ratio of 4.87x

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 $549.39M allows it to safely service it's debt of $264.35M.
  • 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 $305.15M is not sufficient to cover its interest payments.
  • TTD profit margin has gone up from 7.5% to 11.6% in the past year.

Signs that TTD is not financially healthy:

  • TTD has a relatively high debt to equity ratio of 1.15.

Do analysts think it's a good time to buy Trade Desk stock

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.

Latest TTD Analyst Forecasts

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.

TTD Technical Indicators

SMA10
119.4
SMA20
117.97
SMA50
110.78
SMA100
103.55
SMA200
93.41
MACD
2.83
MACD Signal
3.08
MACD Histogram
-0.25
RSI
60.83
Stochastic %K
61.04
Stochastic %D
73.27
StochRSI %K
32.44
StochRSI %D
52.88

How are TTD Revenues/Earnings doing?

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.

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.

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.

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:

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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:

  1. Figure out where to buy Trade Desk stock
  2. Open a brokerage account
  3. Fund your investment account
  4. Research Trade Desk stock
  5. Place your TTD buy order
  6. Monitor your TTD investment

If you require a brokerage account, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep an eye on your new investment in Trade Desk, get started below.

NASDAQ: TTD
$119.19-1.02 (-0.85%)
Updated Nov 1, 2024
Open eToro Account
NASDAQ: TTD
$119.19-1.02 (-0.85%)
Updated Nov 1, 2024
Open eToro Account

FAQ

How much does it cost to buy one Trade Desk share?

As of Nov 1, 2024, it costs $119.19 to buy one share of Trade Desk stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.084 shares of TTD.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Trade Desk stock?

According to 23 Wall Street analysts who monitor Trade Desk, their consensus recommendation is to buy Trade Desk stock.

What is the best way to buy Trade Desk stock?

One way to place an order for Trade Desk stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.