Wolfe Research lifts The Trade Desk Inc. [TTD] price estimate. Who else is bullish?

The Trade Desk Inc. [NASDAQ: TTD] gained 0.48% on the last trading session, reaching $62.82 price per share at the time. The company report on August 9, 2022 that The Trade Desk Reports Second Quarter 2022 Financial Results.


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The Trade Desk, Inc. (NASDAQ: TTD), a provider of a global technology platform for buyers of advertising, today announced financial results for its second quarter ended June 30, 2022.

“We delivered outstanding performance in the second quarter, growing 35% versus a year ago, significantly outpacing worldwide programmatic advertising growth. More of the world’s leading brands are signing major new or expanded long-term agreements with The Trade Desk, which speaks to the innovation and value that our platform provides compared to the limitations of walled gardens,” said Jeff Green, Co-Founder and CEO of The Trade Desk. “This trend also gives us confidence that we will continue to gain market share in any market environment. At the same time, we continue to invest to drive future growth in key areas such as identity, Connected TV, retail media and supply chain optimization. In each of these areas, we signed major new partnerships with some of the world’s leading publishers, broadcasters, retailers and technology partners in the second quarter.”.

The Trade Desk Inc. represents 486.31 million in outstanding shares, while the company has a total market value of $32.04 billion with the latest information. TTD stock price has been found in the range of $61.1201 to $64.7904.

If compared to the average trading volume of 6.27M shares, TTD reached a trading volume of 5058063 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 $77.16 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 2.00. 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.

Wolfe Research have made an estimate for The Trade Desk Inc. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on August 17, 2022. While these analysts kept the previous recommendation, Stifel raised their target price from $50 to $80. The new note on the price target was released on May 16, 2022, representing the official price target for The Trade Desk Inc. stock. Previously, the target price had yet another raise to $108, while Guggenheim analysts kept a Buy rating on TTD stock.

The Average True Range (ATR) for The Trade Desk Inc. is set at 3.68, with the Price to Sales ratio for TTD stock in the period of the last 12 months amounting to 23.06. The Price to Book ratio for the last quarter was 17.16, with the Price to Cash per share for the same quarter was set at 2.38. Price to Free Cash Flow for TTD in the course of the last twelve months was 66.44 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 -0.90. With this latest performance, TTD shares gained by 38.28% in over the last four-week period, additionally sinking by -23.46% over the last 6 months – not to mention a drop of -22.17% 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 53.77, with the RSI for the last a single of trading hit 48.97, and the three-weeks RSI is set at 55.07 for The Trade Desk Inc. [TTD]. The present Moving Average for the last 50 days of trading for this stock 52.92, while it was recorded at 63.78 for the last single week of trading, and 67.31 for the last 200 days.

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

Operating Margin for any stock indicates how profitable investing would be, and The Trade Desk Inc. [TTD] shares currently have an operating margin of +10.43 and a Gross Margin at +81.48. The Trade Desk Inc.’s Net Margin is presently recorded at +11.51.

Return on Equity for this stock inclined to 10.85, with Return on Assets sitting at 4.35.

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 16.00%.

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

There are presently around $20,763 million, or 77.60% of TTD stock, in the hands of institutional investors. The top three institutional holders of TTD stocks are: BAILLIE GIFFORD & CO with ownership of 47,068,749, which is approximately -9.016% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 40,690,880 shares of the stock with an approximate value of $2.56 billion in TTD stocks shares; and MORGAN STANLEY, currently with $2.4 billion in TTD stock with ownership of nearly -0.617% of the company’s market capitalization.

Positions in The Trade Desk Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 319 institutional holders increased their position in The Trade Desk Inc. [NASDAQ:TTD] by around 25,755,816 shares. Additionally, 429 investors decreased positions by around 19,026,328 shares, while 107 investors held positions by with 285,728,248 shares. The mentioned changes placed institutional holdings at 330,510,392 shares, according to the latest SEC report filing. TTD stock had 70 new institutional investments in for a total of 3,986,326 shares, while 162 institutional investors sold positions of 1,646,418 shares during the same period.

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