Trade Desk Inc [NASDAQ: TTD] stock went on an upward path that rose over 3.75% on Wednesday, amounting to a one-week price decrease of less than -2.63%.
Over the last 12 months, TTD stock rose by 84.13%. The one-year Trade Desk Inc stock forecast points to a potential upside of 3.93. The average equity rating for TTD stock is currently 1.67, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $61.15 billion, with 493.57 million shares outstanding and 446.99 million shares in the current float. Compared to the average trading volume of 2.99M shares, TTD stock reached a trading volume of 5966026 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $128.97 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 1.67. 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.
Wells Fargo have made an estimate for Trade Desk Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 29, 2024. The new note on the price target was released on October 29, 2024, representing the official price target for Trade Desk Inc stock. Previously, the target price had yet another raise from $108 to $120, while Truist kept a Buy rating on TTD stock. On October 01, 2024, analysts increased their price target for TTD shares from 115 to 125.
The Average True Range (ATR) for Trade Desk Inc is set at 4.51, with the Price to Sales ratio for TTD stock in the period of the last 12 months amounting to 26.48. The Price to Book ratio for the last quarter was 23.28, with the Price to Cash per share for the same quarter was set at 3.51. Price to Free Cash Flow for TTD in the course of the last twelve months was 115.84 with Quick ratio for the last quarter at 1.85.
TTD Stock Performance Analysis:
Trade Desk Inc [TTD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.63. With this latest performance, TTD shares gained by 4.17% in over the last four-week period, additionally plugging by 29.98% over the last 6 months – not to mention a rise of 84.13% 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 54.36, with the RSI for the last a single of trading hit 53.15, and the three-weeks RSI is set at 55.70 for Trade Desk Inc [TTD]. The present Moving Average for the last 50 days of trading for this stock 116.45, while it was recorded at 120.92 for the last single week of trading, and 97.00 for the last 200 days.
Insight into Trade Desk Inc Fundamentals:
Trade Desk Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.85 and a Current Ratio set at 1.85.
TTD Stock EPS
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 24.00%.
Trade Desk Inc [TTD] Institutonal Ownership Details
There are presently around $81.15%, or 81.66%% 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%.
