The Trade Desk Inc. [TTD] stock Upgrade by Stifel analyst, price target now $80


The Trade Desk Inc. [NASDAQ: TTD] loss -7.71% on the last trading session, reaching $44.15 price per share at the time. The company report on June 21, 2022 that The Trade Desk and Albertsons Media Collective Pioneer New Approach to Retail Media on Open Internet and Beyond.

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PepsiCo, Unilever and GroupM Among First Users to Benefit from Transparent Measurement for Grocery Sales and Marketing Campaigns.

Global advertising technology leader The Trade Desk (Nasdaq: TTD) today announced a partnership with Albertsons Media Collective, the retail media arm for Albertsons Companies, that will bring verified-buyer audience and measurement solutions to The Trade Desk platform, helping advertisers understand the connection between ad campaigns and customer sales. Albertsons will be the first grocer in the U.S. to enable audience and measurement solutions across the open internet through The Trade Desk.

The Trade Desk Inc. represents 484.19 million in outstanding shares, while the company has a total market value of $20.60 billion with the latest information. TTD stock price has been found in the range of $43.86 to $48.92.

If compared to the average trading volume of 6.28M shares, TTD reached a trading volume of 4131396 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about The Trade Desk Inc. [TTD]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TTD shares is $75.61 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TTD stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Stifel have made an estimate for The Trade Desk Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 16, 2022. While these analysts kept the previous recommendation, Guggenheim raised their target price to Buy. The new note on the price target was released on March 02, 2022, representing the official price target for The Trade Desk Inc. stock. On February 17, 2022, analysts increased their price target for TTD shares from 115 to 125.

The Average True Range (ATR) for The Trade Desk Inc. is set at 3.93, with the Price to Sales ratio for TTD stock in the period of the last 12 months amounting to 15.94. The Price to Book ratio for the last quarter was 12.95, with the Price to Cash per share for the same quarter was set at 2.37. Price to Free Cash Flow for TTD in the course of the last twelve months was 51.55 with Quick ratio for the last quarter at 1.90.

Trading performance analysis for TTD stock

The Trade Desk Inc. [TTD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.18. With this latest performance, TTD shares dropped by -9.95% in over the last four-week period, additionally sinking by -54.80% over the last 6 months – not to mention a drop of -44.74% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TTD stock in for the last two-week period is set at 41.48, with the RSI for the last a single of trading hit 39.39, and the three-weeks RSI is set at 42.43 for The Trade Desk Inc. [TTD]. The present Moving Average for the last 50 days of trading for this stock 52.46, while it was recorded at 46.87 for the last single week of trading, and 72.03 for the last 200 days.

The Trade Desk Inc. [TTD]: A deeper dive into fundamental analysis

The Trade Desk Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 1.90.

The Trade Desk Inc. [TTD]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TTD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Trade Desk Inc. go to 25.00%.

An analysis of insider ownership at The Trade Desk Inc. [TTD]

There are presently around $15,408 million, or 74.80% of TTD stock, in the hands of institutional investors. The top three institutional holders of TTD stocks are: BAILLIE GIFFORD & CO with ownership of 51,732,814, which is approximately -3.037% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 39,911,814 shares of the stock with an approximate value of $1.91 billion in TTD stocks shares; and MORGAN STANLEY, currently with $1.84 billion in TTD stock with ownership of nearly 22.325% of the company’s market capitalization.

351 institutional holders increased their position in The Trade Desk Inc. [NASDAQ:TTD] by around 35,378,642 shares. Additionally, 472 investors decreased positions by around 21,271,045 shares, while 119 investors held positions by with 265,427,048 shares. The mentioned changes placed institutional holdings at 322,076,735 shares, according to the latest SEC report filing. TTD stock had 75 new institutional investments in for a total of 1,664,594 shares, while 157 institutional investors sold positions of 4,461,901 shares during the same period.