Trade Desk Inc (TTD) Stock Rating Reaffirmed by RBC Capital Markets

Trade Desk Inc (NYSE:TTD)‘s stock had its “outperform” rating restated by analysts at RBC Capital Markets in a research report issued to clients and investors on Friday. They currently have a $33.00 price target on the stock. RBC Capital Markets’ price target would indicate a potential upside of 28.06% from the company’s current price.

A number of other equities research analysts have also commented on the stock. Cantor Fitzgerald assumed coverage on shares of Trade Desk in a report on Wednesday, October 5th. They set a “buy” rating and a $30.00 price objective on the stock. Susquehanna assumed coverage on shares of Trade Desk in a report on Friday, September 23rd. They set a “positive” rating and a $40.00 price objective on the stock. Jefferies Group assumed coverage on shares of Trade Desk in a report on Monday, October 17th. They set a “buy” rating and a $35.00 price objective on the stock. Needham & Company LLC assumed coverage on shares of Trade Desk in a report on Monday, October 17th. They set a “buy” rating and a $32.00 price objective on the stock. Finally, Raymond James Financial Inc. assumed coverage on shares of Trade Desk in a report on Monday, October 17th. They set an “outperform” rating and a $31.00 price objective on the stock. Eight analysts have rated the stock with a buy rating, Trade Desk presently has an average rating of “Buy” and an average target price of $33.13.

Analyst Recommendations for Trade Desk (NYSE:TTD)

Trade Desk (NYSE:TTD) opened at 25.77 on Friday. The firm’s market cap is $284.37 million. Trade Desk has a 52-week low of $22.00 and a 52-week high of $33.40. The firm’s 50-day moving average is $26.11 and its 200-day moving average is $26.32.

Trade Desk (NYSE:TTD) last posted its earnings results on Thursday, November 10th. The company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.03. The firm earned $53 million during the quarter. The company’s revenue for the quarter was up 84.0% compared to the same quarter last year. Analysts forecast that Trade Desk will post $0.85 EPS for the current fiscal year.

In related news, Director Eric B. Paley sold 299,979 shares of the firm’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $18.00, for a total value of $5,399,622.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vista Equity Partners Management LLC acquired a new position in Trade Desk during the third quarter worth $730,000. Whale Rock Capital Management LLC acquired a new position in Trade Desk during the third quarter worth $438,000. HBK Investments L P purchased a new position in shares of Trade Desk during the third quarter worth approximately $1,461,000. Jabre Capital Partners S.A. purchased a new position in shares of Trade Desk during the third quarter worth approximately $584,000. Finally, KCG Holdings Inc. purchased a new position in shares of Trade Desk during the third quarter worth approximately $230,000.

5 Day Chart for NYSE:TTD



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