Trade Desk Inc [TTD] stock is trading at $121.62, up 2.22%. 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 2.25% over the last week, with a monthly amount glided 10.92%, 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 29, 2024, when Wells Fargo initiated its Overweight rating and assigned the stock a price target of $150. Previously, New Street downgraded its rating to Sell on October 29, 2024, and kept the price target unchanged to $86. On October 02, 2024, Truist reiterated its Buy rating and revised its price target to $120 on the stock. Needham reiterated its Buy rating and increased its price target to $125 on October 01, 2024. MoffettNathanson initiated its recommendation with a Neutral and recommended $100 as its price target on September 23, 2024. Cantor Fitzgerald started tracking with a Neutral rating for this stock on September 05, 2024, and assigned it a price target of $110. In a note dated September 04, 2024, BofA Securities initiated an Buy rating and provided a target price of $135 on this stock.
Trade Desk Inc [TTD] stock has fluctuated between $60.23 and $121.44 over the past year. Currently, Wall Street analysts expect the stock to reach $109.7 within the next 12 months. Trade Desk Inc [NASDAQ: TTD] shares were valued at $121.62 at the most recent close of the market. An investor can expect a potential drop of -9.8% 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 119.66 points at the first support level, and at 117.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 122.73, and for the 2nd resistance point, it is at 123.85.
Ratios To Look Out For
For context, Trade Desk Inc’s Current Ratio is 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 27.56, the price to book ratio is 24.86 and price to earnings (TTM) ratio is 239.98.
Transactions by insiders
Recent insider trading involved Schenkein Laura, Chief Financial Officer, that happened on Oct 22 ’24 when 25000.0 shares were sold. Director, Rajaram Gokul completed a deal on Oct 21 ’24 to sell 1355.0 shares. Meanwhile, Officer LAURA SCHENKEIN bought 25000.0 shares on Oct 22 ’24.
