Trade Desk Inc [TTD] stock is trading at $121.52, up 0.09%. 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 3.39% over the last week, with a monthly amount drifted -12.64%, and not seem to be holding up well over a long-time horizon.
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 $124.59 within the next 12 months. Trade Desk Inc [NASDAQ: TTD] shares were valued at $121.52 at the most recent close of the market. An investor can expect a potential return of 2.53% 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 120.46 points at the first support level, and at 119.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 122.59, and for the 2nd resistance point, it is at 123.66.
Ratios To Look Out For
For context, Trade Desk Inc’s Current Ratio is 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 25.97, the price to book ratio is 22.84 and price to earnings (TTM) ratio is 197.37.
Transactions by insiders
Recent insider trading involved Green Jeffrey Terry, Officer, that happened on Jan 07 ’25 when 1788.0 shares were purchased. Chief Strategy Officer, Jacobson Samantha completed a deal on Dec 30 ’24 to sell 4297.0 shares. Meanwhile, Chief Legal Officer GRANT JAY R sold 18524.0 shares on Dec 30 ’24.
