At the time of writing, Trade Desk Inc [TTD] stock is trading at $131.20, up 1.44%. 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 9.39% over the last week, with a monthly amount glided 11.21%, 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.
For the past year, the stock price of Trade Desk Inc fluctuated between $61.47 and $132.65. Currently, Wall Street analysts expect the stock to reach $113.04 within the next 12 months. Trade Desk Inc [NASDAQ: TTD] shares were valued at $131.20 at the most recent close of the market. An investor can expect a potential drop of -13.84% based on the average TTD price forecast.
Analyzing the TTD fundamentals
According to Trade Desk Inc [NASDAQ:TTD], the company’s sales were 2.31B for trailing twelve months, which represents an 27.32% jump. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.13 and Total Capital is 0.13. 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 129.26 points at the first support level, and at 127.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 132.23, and for the 2nd resistance point, it is at 133.27.
Ratios To Look Out For
It is important to note that Trade Desk Inc [NASDAQ:TTD] has a current ratio of 1.85. Further, the Quick Ratio stands at 1.85, while the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 28.04, the price to book ratio is 24.66 and price to earnings (TTM) ratio is 213.09.
Transactions by insiders
Recent insider trading involved Schenkein Laura, Chief Financial Officer, that happened on Nov 07 ’24 when 27687.0 shares were sold. Officer, LAURA SCHENKEIN completed a deal on Nov 07 ’24 to buy 27687.0 shares. Meanwhile, Chief Financial Officer Schenkein Laura sold 25000.0 shares on Oct 22 ’24.
