Trade Desk Inc [TTD] stock is trading at $139.11, up 2.02%. 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 8.21% over the last week, with a monthly amount glided 11.46%, 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 December 05, 2024, when Scotiabank initiated its Sector Perform rating and assigned the stock a price target of $133. Previously, New Street upgraded its rating to Neutral on November 25, 2024, and elevated its price target to $115. On October 29, 2024, Wells Fargo initiated with a Overweight rating and assigned a price target of $150 on the stock. New Street downgraded its rating to a Sell but stick to its price target of $86 on October 29, 2024. Truist reiterated its recommendation of a Buy and raised its price target to $120 on October 02, 2024. Needham reiterated a Buy rating for this stock on October 01, 2024, and upped its price target to $125. In a note dated September 23, 2024, MoffettNathanson initiated an Neutral rating and provided a target price of $100 on this stock.
Trade Desk Inc [TTD] stock has fluctuated between $61.47 and $141.53 over the past year. Currently, Wall Street analysts expect the stock to reach $123.63 within the next 12 months. Trade Desk Inc [NASDAQ: TTD] shares were valued at $139.11 at the most recent close of the market. An investor can expect a potential drop of -11.13% based on the average TTD price forecast.
Analyzing the TTD fundamentals
Trade Desk Inc [NASDAQ:TTD] reported sales of 2.31B for the trailing twelve months, which represents a growth of 27.32%. 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 136.77 points at the first support level, and at 134.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 140.39, and for the 2nd resistance point, it is at 141.68.
Ratios To Look Out For
For context, Trade Desk Inc’s Current Ratio is 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 30.33, the price to book ratio is 26.14 and price to earnings (TTM) ratio is 225.94.
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.
