A share price of Trade Desk Inc [TTD] is currently trading at $102.14, down -0.49%. An important factor to consider is whether the stock is rising or falling in short-term value. The TTD shares have gain 3.89% over the last week, with a monthly amount glided 1.69%, and 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 July 16, 2024, when Wolfe Research initiated its Outperform rating and assigned the stock a price target of $115. Previously, Oppenheimer reaffirmed its Outperform rating on July 15, 2024, and elevated its price target to $120. On June 17, 2024, Wedbush initiated with a Outperform rating and assigned a price target of $110 on the stock. Jefferies upgraded its rating to a Buy and increased its price target to $105 on May 02, 2024. BTIG Research reiterated its recommendation of a Buy and raised its price target to $98 on February 23, 2024. In a note dated January 17, 2024, Wells Fargo reiterated an Overweight rating on this stock and boosted its target price from $73 to $80.
Trade Desk Inc experienced fluctuations in its stock price throughout the past year between $60.23 and $102.77. Currently, Wall Street analysts expect the stock to reach $104.1 within the next 12 months. Trade Desk Inc [NASDAQ: TTD] shares were valued at $102.14 at the most recent close of the market. An investor can expect a potential return of 1.92% based on the average TTD price forecast.
Analyzing the TTD fundamentals
Trailing Twelve Months sales for Trade Desk Inc [NASDAQ:TTD] were 2.17B which represents 25.91% growth. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.11 and Total Capital is 0.12. 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 101.44 points at the first support level, and at 100.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 103.09, and for the 2nd resistance point, it is at 104.05.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Trade Desk Inc [NASDAQ:TTD] is 1.80. On the other hand, the Quick Ratio is 1.80, and the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 22.97, the price to book ratio is 20.87 and price to earnings (TTM) ratio is 201.54.
Transactions by insiders
Recent insider trading involved Cunningham Andrea Lee, Director, that happened on Aug 15 ’24 when 1606.0 shares were sold. Chief Financial Officer, Schenkein Laura completed a deal on Aug 16 ’24 to sell 3130.0 shares. Meanwhile, Chief Strategy Officer Jacobson Samantha sold 4872.0 shares on Aug 16 ’24.
