Trade Desk Inc [TTD] stock is trading at $105.84, up 0.45%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TTD shares have gain 6.15% over the last week, with a monthly amount glided 4.35%, 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 September 05, 2024, when Cantor Fitzgerald initiated its Neutral rating and assigned the stock a price target of $110. Previously, BofA Securities started tracking the stock with Buy rating on September 04, 2024, and set its price target to $135. On July 16, 2024, Wolfe Research initiated with a Outperform rating and assigned a price target of $115 on the stock. Oppenheimer reiterated its Outperform rating and increased its price target to $120 on July 15, 2024. Wedbush initiated its recommendation with a Outperform and recommended $110 as its price target on June 17, 2024. Jefferies upgraded its rating to Buy for this stock on May 02, 2024, and upped its price target to $105. In a note dated February 23, 2024, BTIG Research reiterated an Buy rating on this stock and boosted its target price from $91 to $98.
Trade Desk Inc [TTD] stock has fluctuated between $60.23 and $107.64 over the past year. Currently, Wall Street analysts expect the stock to reach $107.41 within the next 12 months. Trade Desk Inc [NASDAQ: TTD] shares were valued at $105.84 at the most recent close of the market. An investor can expect a potential return of 1.48% based on the average TTD price forecast.
Analyzing the TTD fundamentals
Trade Desk Inc [NASDAQ:TTD] reported sales of 2.17B for the trailing twelve months, which represents a growth of 25.91%. 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 104.94 points at the first support level, and at 104.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 106.98, and for the 2nd resistance point, it is at 108.11.
Ratios To Look Out For
For context, Trade Desk Inc’s Current Ratio is 1.80. Further, the Quick Ratio stands at 1.80, while the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 23.80, the price to book ratio is 21.63 and price to earnings (TTM) ratio is 208.84.
Transactions by insiders
Recent insider trading involved Green Jeffrey Terry, President and CEO, that happened on Aug 26 ’24 when 0.28 million shares were sold. President and CEO, Green Jeffrey Terry completed a deal on Aug 22 ’24 to sell 0.14 million shares. Meanwhile, Director Rajaram Gokul sold 1355.0 shares on Aug 22 ’24.
