At the time of writing, Trade Desk Inc [TTD] stock is trading at $139.16, up 2.96%. 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 7.58% over the last week, with a monthly amount glided 16.75%, 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 November 25, 2024, when New Street upgraded its rating to a Neutral and also boosted its price target to $115 from $85. Previously, Wells Fargo started tracking the stock with Overweight rating on October 29, 2024, and set its price target to $150. On October 29, 2024, downgrade downgraded it’s rating to Sell but maintained its price target of $86 on the stock. Truist reiterated its Buy rating and increased its price target to $120 on October 02, 2024. Needham reiterated its recommendation of a Buy and raised its price target to $125 on October 01, 2024. MoffettNathanson started tracking with a Neutral rating for this stock on September 23, 2024, and assigned it a price target of $100. In a note dated September 05, 2024, Cantor Fitzgerald initiated an Neutral rating and provided a target price of $110 on this stock.
For the past year, the stock price of Trade Desk Inc fluctuated between $61.47 and $136.14. Currently, Wall Street analysts expect the stock to reach $116.22 within the next 12 months. Trade Desk Inc [NASDAQ: TTD] shares were valued at $139.16 at the most recent close of the market. An investor can expect a potential drop of -16.48% 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.
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 135.70 points at the first support level, and at 132.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 140.93, and for the 2nd resistance point, it is at 142.69.
Ratios To Look Out For
It is important to note that Trade Desk Inc [NASDAQ:TTD] has a current ratio of 1.85. As well, the Quick Ratio is 1.85, while the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 29.74, the price to book ratio is 26.15 and price to earnings (TTM) ratio is 226.02.
Transactions by insiders
Recent insider trading involved Jacobson Samantha, Chief Strategy Officer, that happened on Nov 29 ’24 when 22062.0 shares were sold. Officer, SAMANTHA JACOBSON completed a deal on Nov 29 ’24 to buy 22062.0 shares. Meanwhile, Chief Financial Officer Schenkein Laura sold 3131.0 shares on Nov 18 ’24.
