Rosenblatt Says That The Trade Desk (TTD) Has $138.0 Stock Target

October 2, 2018 - By Vivian Park

Why Has Rosenblatt Given The Trade Desk (TTD) a $138.0 Price Target

Rosenblatt analyst began coverage on The Trade Desk (TTD) with a $138.0 target price and “Neutral” rating. The target price would indicate a potential downside of -3.85 % from firm’s last close price.

The Trade Desk, Inc. (NASDAQ:TTD) Ratings Coverage

Among 9 analysts covering Trade Desk (TTD), 6 have Buy rating, 1 Sell and 2 Hold. Therefore 67% are positive. Trade Desk has $132 highest and $58 lowest target. $94.75’s average target is -28.72% below currents $132.934 stock price. Trade Desk had 13 analyst reports since April 5, 2018 according to SRatingsIntel. The company was maintained on Friday, June 8 by Stifel Nicolaus. The firm has “Outperform” rating given on Friday, August 10 by RBC Capital Markets. The stock has “Buy” rating by Citigroup on Friday, August 10. Stifel Nicolaus maintained The Trade Desk, Inc. (NASDAQ:TTD) rating on Friday, May 11. Stifel Nicolaus has “Buy” rating and $75 target. The firm earned “Neutral” rating on Friday, August 10 by Nomura. The firm earned “Buy” rating on Monday, July 9 by Citigroup. Wells Fargo downgraded the shares of TTD in report on Monday, June 4 to “Hold” rating. The firm has “Buy” rating by Piper Jaffray given on Friday, May 11.

The stock decreased 7.38% or $10.586 during the last trading session, reaching $132.934. About 1.37 million shares traded or 32.57% up from the average. The Trade Desk, Inc. (TTD) has risen 136.45% since October 2, 2017 and is uptrending. It has outperformed by 120.83% the S&P500.

Analysts await The Trade Desk, Inc. (NASDAQ:TTD) to report earnings on November, 8. They expect $0.31 EPS, up 34.78 % or $0.08 from last year’s $0.23 per share. TTD’s profit will be $13.30M for 107.20 P/E if the $0.31 EPS becomes a reality. After $0.43 actual EPS reported by The Trade Desk, Inc. for the previous quarter, Wall Street now forecasts -27.91 % negative EPS growth.

The Trade Desk, Inc., a technology company, operates a self-service cloud platform that enables advertising buyers to create, manage, and optimize data-driven digital advertising campaigns using their own teams in the United States and internationally. The company has market cap of $5.71 billion. The Company’s platform allows clients to manage integrated advertising campaigns across various advertising formats, including display, video, audio, native, and social, as well as on various devices, such as computers, mobile devices, and connected television. It has a 107.21 P/E ratio. The firm serves advertising agencies and other service providers for advertisers.

More notable recent The Trade Desk, Inc. (NASDAQ:TTD) news were published by: Investorplace.com which released: “The 5 ‘STARS’ Stocks That Are Beating the FANGs” on September 27, 2018, also Benzinga.com with their article: “26 Stocks Moving In Friday’s Pre-Market Session” published on September 28, 2018, Fool.com published: “Why Shares of The Trade Desk Skyrocketed 68% Last Month” on September 05, 2018. More interesting news about The Trade Desk, Inc. (NASDAQ:TTD) were released by: Fool.com and their article: “Why Square, XO Group, and The Trade Desk Jumped Today” published on September 25, 2018 as well as Seekingalpha.com‘s news article titled: “The Trade Desk May Have Its ‘iPhone Moment'” with publication date: September 27, 2018.

The Trade Desk, Inc. (NASDAQ:TTD) Ratings Chart

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