Trade Desk (TTD) Stock Forecast & Price Target

$128.98 -0.37 (-0.29%)

(As of 06:15 PM ET)

Trade Desk - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 30 Analyst Ratings

Sell
1

Hold
4

Buy
25

Based on 30 Wall Street analysts who have issued ratings for Trade Desk in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 30 analysts, 1 has given a sell rating, 4 have given a hold rating, and 25 have given a buy rating for TTD.

Consensus Price Target

$124.66
-3.35% Downside

According to the 30 analysts' twelve-month price targets for Trade Desk, the average price target is $124.66. The highest price target for TTD is $150.00, while the lowest price target for TTD is $57.00. The average price target represents a forecasted downside of -3.35% from the current price of $128.98.

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TTD Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	25 Buy rating(s)	23 Buy rating(s)	24 Buy rating(s)	22 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$124.66	$112.97	$107.72	$82.71
Forecasted Upside	-3.35% Downside	-5.44% Downside	5.42% Upside	19.54% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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TTD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TTD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Trade Desk Stock vs. The Competition

Type	Trade Desk	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.80	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-3.62% Downside	526.21% Upside	6.90% Upside
News Sentiment Rating	Positive News See Recent TTD News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/25/2024	New Street Research 4 of 5 stars		Upgrade	Sell ➝ Neutral	$85.00 ➝ $115.00	-11.33%
11/22/2024	Macquarie 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$133.00 ➝ $150.00	+17.36%
11/21/2024	Evercore ISI 2 of 5 stars	M. Mahaney Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$110.00 ➝ $135.00	+9.45%
11/21/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Positive ➝ Positive	$150.00 ➝ $150.00	+21.07%
11/11/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$120.00 ➝ $145.00	+10.77%
11/11/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$108.00 ➝ $134.00	+6.43%
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11/8/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$140.00 ➝ $150.00	+19.67%
11/8/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$120.00 ➝ $135.00	+11.88%
11/8/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Devitt Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$115.00 ➝ $135.00	+12.22%
11/8/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$120.00 ➝ $135.00	+12.74%
11/8/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sell ➝ Sell	$57.00 ➝ $57.00	-52.44%
11/8/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$110.00 ➝ $140.00	+5.64%
11/8/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$130.00 ➝ $140.00	+5.64%
10/30/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$114.00 ➝ $142.00	+15.42%
10/28/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Brondolo Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$150.00	+26.07%
10/16/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$115.00 ➝ $140.00	+18.96%
10/14/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$111.00 ➝ $136.00	+15.06%
10/9/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$115.00 ➝ $130.00	+13.03%
10/7/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Mathivanan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$110.00 ➝ $110.00	-2.08%
10/1/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$115.00 ➝ $125.00	+14.00%
9/23/2024	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$100.00	-8.68%
9/4/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$135.00	+33.70%
8/9/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$110.00 ➝ $120.00	+21.41%
7/23/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$100.00 ➝ $110.00	+8.55%
7/16/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Khajuria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$115.00	+14.90%
5/9/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$107.00 ➝ $108.00	+22.30%
5/2/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$95.00 ➝ $105.00	+22.94%
2/16/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$85.00	-5.79%
2/12/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Kessler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral
12/18/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$83.20	+11.10%
9/6/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Schackart Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform
7/18/2023	Redburn Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$34.00	-62.51%
5/3/2023	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Positive
3/27/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$75.00 ➝ $70.00	+14.89%
2/16/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$74.00 ➝ $76.00	+26.04%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 11:42 PM ET.

Should I Buy Trade Desk Stock? TTD Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 25, 2024. Please send any questions or comments about these Trade Desk pros and cons to contact@marketbeat.com.

Trade Desk
Bull Case

Here are some ways that investors could benefit from investing in The Trade Desk, Inc.:

The Trade Desk, Inc. has shown strong growth potential, with a market capitalization of $64.02 billion, indicating a robust position in the technology sector.
The stock recently traded at approximately $115.43, which is significantly higher than its 1-year low of $61.47, suggesting a positive trend in its market performance.
Insider trading activity indicates confidence in the company, as executives have recently sold shares at high prices, reflecting their belief in the company's valuation.
Institutional investors hold a substantial 67.77% of the company's stock, which often signals confidence in the company's future prospects and stability.
The Trade Desk, Inc. operates in a growing industry, providing technology solutions that are increasingly in demand, which could lead to further revenue growth.

Trade Desk
Bear Case

Investors should be bearish about investing in The Trade Desk, Inc. for these reasons:

The stock has a high PE ratio of 212.62, which may indicate that it is overvalued compared to its earnings, potentially leading to a price correction.
Recent insider sales, while sometimes viewed positively, could also suggest that executives believe the stock price has peaked, which may raise concerns for potential investors.
The company's beta of 1.47 indicates higher volatility compared to the market, meaning that the stock price may experience significant fluctuations, posing a risk for investors.
Despite recent growth, the price-to-earnings-growth ratio of 5.41 suggests that the stock may not be growing fast enough to justify its current price, which could deter value-focused investors.
With insiders owning only 9.72% of the stock, there may be less alignment between management and shareholder interests, which could impact decision-making and company performance.

TTD Forecast - Frequently Asked Questions

: According to the research reports of 30 Wall Street equities research analysts, the average twelve-month stock price forecast for Trade Desk is $124.66, with a high forecast of $150.00 and a low forecast of $57.00.
: 30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Trade Desk in the last year. There is currently 1 sell rating, 4 hold ratings and 25 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TTD shares.
: According to analysts, Trade Desk's stock has a predicted downside of -3.35% based on their 12-month stock forecasts.
: Over the previous 90 days, Trade Desk's stock had 1 upgrade and 1 downgrade by analysts.
: Trade Desk has been rated by research analysts at Bank of America, Benchmark, BTIG Research, Cantor Fitzgerald, Citigroup, DA Davidson, Evercore ISI, KeyCorp, Loop Capital, Macquarie, Moffett Nathanson, Needham & Company LLC, New Street Research, Oppenheimer, Piper Sandler, Robert W. Baird, Stifel Nicolaus, Susquehanna, Truist Financial, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.
: Analysts like Trade Desk more than other "computer and technology" companies. The consensus rating score for Trade Desk is 2.80 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how TTD compares to other companies.

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This page (NASDAQ:TTD) was last updated on 11/26/2024 by MarketBeat.com Staff

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Trade Desk (TTD) Stock Forecast & Price Target