Wedbush Estimates Trade Desk's FY2026 Earnings (NASDAQ:TTD)

The Trade Desk, Inc. (NASDAQ:TTD - Free Report) - Equities research analysts at Wedbush raised their FY2026 earnings per share (EPS) estimates for Trade Desk in a report issued on Monday, January 6th. Wedbush analyst S. Devitt now forecasts that the technology company will earn $2.05 per share for the year, up from their previous forecast of $2.00. Wedbush has a "Outperform" rating and a $145.00 price objective on the stock. The consensus estimate for Trade Desk's current full-year earnings is $0.87 per share.

A number of other research analysts also recently commented on TTD. Wells Fargo & Company initiated coverage on Trade Desk in a report on Monday, October 28th. They issued an "overweight" rating and a $150.00 price target for the company. Piper Sandler restated an "overweight" rating and set a $140.00 price objective (up from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Royal Bank of Canada lifted their price objective on Trade Desk from $136.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Stifel Nicolaus lifted their price objective on Trade Desk from $111.00 to $136.00 and gave the stock a "buy" rating in a report on Monday, October 14th. Finally, Moffett Nathanson initiated coverage on Trade Desk in a report on Monday, September 23rd. They set a "neutral" rating and a $100.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $129.48.

Trade Desk Stock Performance

Shares of TTD stock traded up $0.11 during trading hours on Wednesday, reaching $121.52. The company had a trading volume of 2,833,387 shares, compared to its average volume of 3,128,632. Trade Desk has a twelve month low of $61.47 and a twelve month high of $141.53. The company has a market capitalization of $59.98 billion, a P/E ratio of 199.21, a price-to-earnings-growth ratio of 6.00 and a beta of 1.45. The stock's fifty day simple moving average is $126.70 and its 200 day simple moving average is $111.70.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction on Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the sale, the director now owns 28,636 shares of the company's stock, valued at $3,375,898.04. The trade was a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the business's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the sale, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. 9.72% of the stock is owned by company insiders.

Institutional Trading of Trade Desk

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ithaka Group LLC raised its position in shares of Trade Desk by 4.5% during the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company's stock worth $12,378,000 after purchasing an additional 4,836 shares during the period. Venture Visionary Partners LLC raised its position in shares of Trade Desk by 33.0% during the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company's stock worth $1,898,000 after purchasing an additional 4,296 shares during the period. Assetmark Inc. raised its position in shares of Trade Desk by 2,461.2% during the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company's stock worth $8,066,000 after purchasing an additional 70,687 shares during the period. Nordea Investment Management AB raised its position in shares of Trade Desk by 36.2% during the fourth quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company's stock worth $159,132,000 after purchasing an additional 358,350 shares during the period. Finally, Swiss National Bank raised its position in shares of Trade Desk by 0.3% during the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company's stock worth $144,892,000 after purchasing an additional 4,500 shares during the period. Institutional investors own 67.77% of the company's stock.

About Trade Desk

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.