Analyst Expectations For Trade Desk's Future
In the last three months, 17 analysts have published ratings on Trade Desk (NASDAQ:TTD), offering a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 9 | 8 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 2 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 0 | 0 | 0 |
| 3M Ago | 7 | 4 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $107.53, a high estimate of $120.00, and a low estimate of $100.00. This current average has increased by 4.47% from the previous average price target of $102.93.
Exploring Analyst Ratings: An In-Depth Overview
The standing of Trade Desk among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Laura Martin | Needham | Maintains | Buy | $100.00 | $100.00 |
| Matthew Cost | Morgan Stanley | Raises | Overweight | $110.00 | $100.00 |
| Jason Helfstein | Oppenheimer | Raises | Outperform | $120.00 | $105.00 |
| Laura Martin | Needham | Maintains | Buy | $100.00 | $100.00 |
| Scott Devitt | Wedbush | Announces | Outperform | $110.00 | - |
| Matt Farrell | Piper Sandler | Maintains | Overweight | $110.00 | $110.00 |
| Rob Sanderson | Loop Capital | Raises | Buy | $109.00 | $102.00 |
| Shyam Patil | Susquehanna | Maintains | Positive | $110.00 | $110.00 |
| Youssef Squali | Truist Securities | Maintains | Buy | $105.00 | - |
| Laura Martin | Needham | Maintains | Buy | $100.00 | $100.00 |
| Tom White | DA Davidson | Raises | Buy | $104.00 | $95.00 |
| Ygal Arounian | Citigroup | Raises | Buy | $112.00 | $110.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $110.00 | $105.00 |
| Brian Pitz | BMO Capital | Raises | Outperform | $108.00 | $107.00 |
| Mark Kelley | Stifel | Raises | Buy | $105.00 | $100.00 |
| Matt Farrell | Piper Sandler | Raises | Overweight | $110.00 | $105.00 |
| James Heaney | Jefferies | Raises | Buy | $105.00 | $95.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Trade Desk. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Trade Desk compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Trade Desk's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Trade Desk's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Trade Desk analyst ratings.
Discovering Trade Desk: A Closer Look
The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, and social) on different devices like computers, smartphones, and connected TVs. It utilizes data to optimize the performance of ad impressions purchased. The firm's platform is referred to as a demand-side platform in the digital ad industry. The firm generates its revenue from fees based on a percentage of what its clients spend on advertising.
Trade Desk's Financial Performance
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Trade Desk's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 28.33%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Communication Services sector.
Net Margin: Trade Desk's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 6.44%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 1.46%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Trade Desk's ROA stands out, surpassing industry averages. With an impressive ROA of 0.66%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.11, Trade Desk adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Basics of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.