Trade Desk Inc [NASDAQ: TTD] gained 2.16% on the last trading session, reaching $103.54 price per share at the time.
If compared to the average trading volume of 3.54M shares, TTD reached a trading volume of 2799492 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about 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 $109.93 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 1.75. 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.
Cantor Fitzgerald have made an estimate for Trade Desk Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on Sep-06-24. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on September 04, 2024, representing the official price target for Trade Desk Inc stock. Previously, the target price had yet another raise to $115, while Wolfe Research analysts kept a Outperform rating on TTD stock. On July 15, 2024, analysts increased their price target for TTD shares from 105 to 120.
The Average True Range (ATR) for Trade Desk Inc is set at 3.15, with the Price to Sales ratio for TTD stock in the period of the last 12 months amounting to 23.29. The Price to Book ratio for the last quarter was 21.16, with the Price to Cash per share for the same quarter was set at 3.08. Price to Free Cash Flow for TTD in the course of the last twelve months was 103.39 with Quick ratio for the last quarter at 1.80.
Trading performance analysis for TTD stock
Trade Desk Inc [TTD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.33. With this latest performance, TTD shares gained by 22.11% in over the last four-week period, additionally plugging by 25.99% over the last 6 months – not to mention a rise of 27.17% 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 58.31, with the RSI for the last a single of trading hit 58.68, and the three-weeks RSI is set at 57.35 for Trade Desk Inc [TTD]. The present Moving Average for the last 50 days of trading for this stock 97.40, while it was recorded at 102.78 for the last single week of trading, and 84.76 for the last 200 days.
Trade Desk Inc [TTD]: A deeper dive into fundamental analysis
Trade Desk Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 1.80.
Trade Desk Inc [TTD]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Trade Desk Inc posted 0.33/share EPS, while the average EPS was predicted by analysts to be reported at 0.29/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.04. 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 Trade Desk Inc go to 26.00%.
An analysis of Institutional ownership at Trade Desk Inc [TTD]
There are presently around $79.71%, or 80.43%% of TTD stock, in the hands of institutional investors. The top three institutional holders of TTD stocks are: VANGUARD GROUP INC with ownership of 42.29 million shares, which is approximately 8.6552%. BAILLIE GIFFORD & CO, holding 37.0 million shares of the stock with an approximate value of $$3.61 billion in TTD stocks shares; and BAILLIE GIFFORD & CO, currently with $$2.38 billion in TTD stock with ownership which is approximately 4.9924%.
