At the time of writing, Trade Desk Inc [TTD] stock is trading at $111.80, down -1.06%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TTD shares have gain 1.96% over the last week, with a monthly amount glided 11.45%, 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 October 02, 2024, when Truist reiterated its Buy rating and also boosted its price target to $120 from $108. Previously, Needham reaffirmed its Buy rating on October 01, 2024, and elevated its price target to $125. On September 23, 2024, MoffettNathanson initiated with a Neutral rating and assigned a price target of $100 on the stock. Cantor Fitzgerald started tracking the stock assigning a Neutral rating and suggested a price target of $110 on September 05, 2024. BofA Securities initiated its recommendation with a Buy and recommended $135 as its price target on September 04, 2024. Wolfe Research started tracking with a Outperform rating for this stock on July 16, 2024, and assigned it a price target of $115. In a note dated July 15, 2024, Oppenheimer reiterated an Outperform rating on this stock and boosted its target price from $105 to $120.
For the past year, the stock price of Trade Desk Inc fluctuated between $60.23 and $113.84. 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 $111.80 at the most recent close of the market. An investor can expect a potential drop of -4.21% based on the average TTD price forecast.
Analyzing the TTD fundamentals
According to Trade Desk Inc [NASDAQ:TTD], the company’s sales were 2.17B for trailing twelve months, which represents an 25.91% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.11.
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 110.75 points at the first support level, and at 109.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 113.27, and for the 2nd resistance point, it is at 114.73.
Ratios To Look Out For
It is important to note that Trade Desk Inc [NASDAQ:TTD] has a current ratio of 1.80. Also, the Quick Ratio is 1.80, while the Cash Ratio stands at 0.4. Considering the valuation of this stock, the price to sales ratio is 25.34, the price to book ratio is 22.85 and price to earnings (TTM) ratio is 220.60.
Transactions by insiders
Recent insider trading involved Green Jeffrey Terry, Officer, that happened on Oct 04 ’24 when 0.48 million shares were purchased. Chief Legal Officer, GRANT JAY R completed a deal on Sep 30 ’24 to sell 20579.0 shares. Meanwhile, Officer JAY R GRANT bought 20579.0 shares on Sep 30 ’24.
