A share price of Trade Desk Inc [TTD] is currently trading at $122.59, up 1.68%. 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 1.57% over the last week, with a monthly amount drifted -0.70%, 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 January 21, 2025, when JMP Securities initiated its Mkt Outperform rating and assigned the stock a price target of $150. Previously, BMO Capital Markets reaffirmed its Outperform rating on January 15, 2025, and elevated its price target to $160. On December 05, 2024, Scotiabank initiated with a Sector Perform rating and assigned a price target of $133 on the stock. New Street upgraded its rating to a Neutral and increased its price target to $115 on November 25, 2024. Wells Fargo initiated its recommendation with a Overweight and recommended $150 as its price target on October 29, 2024. New Street downgraded its rating to Sell for this stock on October 29, 2024, but kept the price target unchanged to $86. In a note dated October 02, 2024, Truist reiterated an Buy rating on this stock and boosted its target price from $108 to $120.
Trade Desk Inc experienced fluctuations in its stock price throughout the past year between $66.56 and $141.53. Currently, Wall Street analysts expect the stock to reach $129.08 within the next 12 months. Trade Desk Inc [NASDAQ: TTD] shares were valued at $122.59 at the most recent close of the market. An investor can expect a potential return of 5.29% based on the average TTD price forecast.
Analyzing the TTD fundamentals
Trailing Twelve Months sales for Trade Desk Inc [NASDAQ:TTD] were 2.31B which represents 27.32% growth. 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. 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 119.65 points at the first support level, and at 116.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 124.78, and for the 2nd resistance point, it is at 126.97.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Trade Desk Inc [NASDAQ:TTD] 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 26.20, the price to book ratio is 23.04 and price to earnings (TTM) ratio is 199.11.
Transactions by insiders
Recent insider trading involved SAMANTHA JACOBSON, Officer, that happened on Jan 28 ’25 when 4298.0 shares were purchased. President and CEO, Green Jeffrey Terry completed a deal on Jan 21 ’25 to sell 0.51 million shares. Meanwhile, President and CEO Green Jeffrey Terry sold 0.41 million shares on Jan 22 ’25.
