Trade Desk Inc [TTD] stock prices are up 3.36% to $83.79 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TTD shares have gain 4.57% over the last week, with a monthly amount drifted -4.29%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Trade Desk Inc [NASDAQ: TTD] stock has seen the most recent analyst activity on February 23, 2024, when BTIG Research reiterated its Buy rating and also boosted its price target to $98 from $91. On January 17, 2024, Wells Fargo reiterated its Overweight rating and revised its price target to $80 on the stock. BMO Capital Markets started tracking the stock assigning a Outperform rating and suggested a price target of $88 on January 09, 2024. HSBC Securities initiated its recommendation with a Buy. New Street upgraded its rating to Neutral for this stock on November 02, 2023. In a note dated October 24, 2023, Loop Capital initiated an Buy rating and provided a target price of $95 on this stock.
The stock price of Trade Desk Inc [TTD] has been fluctuating between $59.36 and $94.00 over the past year. Currently, Wall Street analysts expect the stock to reach $84.23 within the next 12 months. Trade Desk Inc [NASDAQ: TTD] shares were valued at $83.79 at the most recent close of the market. An investor can expect a potential return of 0.53% based on the average TTD price forecast.
Analyzing the TTD fundamentals
The Trade Desk Inc [NASDAQ:TTD] reported sales of 1.95B for trailing twelve months, representing a surge of 23.45%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.09 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.11.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 82.56 points at the first support level, and at 81.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 85.22, and for the 2nd resistance point, it is at 86.66.
Ratios To Look Out For
It’s worth pointing out that Trade Desk Inc [NASDAQ:TTD]’s Current Ratio is 1.72. As well, the Quick Ratio is 1.72, while the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 21.05, the price to book ratio is 18.93 and price to earnings (TTM) ratio is 234.18.
Transactions by insiders
Recent insider trading involved Green Jeffrey Terry, President and CEO, that happened on Apr 15 ’24 when 2600.0 shares were sold. President and CEO, Green Jeffrey Terry completed a deal on Apr 04 ’24 to sell 75000.0 shares. Meanwhile, President and CEO Green Jeffrey Terry sold 66007.0 shares on Apr 03 ’24.
