Trade Desk Inc [TTD] stock is trading at $110.79, up 2.08%. 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 4.68% over the last week, with a monthly amount glided 5.51%, 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 23, 2024, when MoffettNathanson initiated its Neutral rating and assigned the stock a price target of $100. Previously, Cantor Fitzgerald started tracking the stock with Neutral rating on September 05, 2024, and set its price target to $110. On September 04, 2024, BofA Securities initiated with a Buy rating and assigned a price target of $135 on the stock. Wolfe Research started tracking the stock assigning a Outperform rating and suggested a price target of $115 on July 16, 2024. Oppenheimer reiterated its recommendation of a Outperform and raised its price target to $120 on July 15, 2024. Wedbush started tracking with a Outperform rating for this stock on June 17, 2024, and assigned it a price target of $110. In a note dated May 02, 2024, Jefferies upgraded an Buy rating on this stock and boosted its target price from $95 to $105.
Trade Desk Inc [TTD] stock has fluctuated between $60.23 and $111.80 over the past year. Currently, Wall Street analysts expect the stock to reach $107.09 within the next 12 months. Trade Desk Inc [NASDAQ: TTD] shares were valued at $110.79 at the most recent close of the market. An investor can expect a potential drop of -3.34% 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 109.08 points at the first support level, and at 107.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 111.65, and for the 2nd resistance point, it is at 112.52.
Ratios To Look Out For
For context, Trade Desk Inc’s Current Ratio is 1.80. As well, the Quick Ratio is 1.80, while the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 24.92, the price to book ratio is 22.64 and price to earnings (TTM) ratio is 218.61.
Transactions by insiders
Recent insider trading involved Green Jeffrey Terry, President and CEO, that happened on Sep 20 ’24 when 0.2 million shares were sold. President and CEO, Green Jeffrey Terry completed a deal on Sep 23 ’24 to sell 0.2 million shares. Meanwhile, Director GOKUL RAJARAM bought 1355.0 shares on Sep 24 ’24.
