Wedbush Forecasts Strong Price Appreciation for Trade Desk (NASDAQ:TTD) Stock

Trade Desk (NASDAQ:TTD) had its target price lifted by Wedbush from $135.00 to $145.00 in a research note released on Monday morning,Benzinga reports. They currently have an outperform rating on the technology company’s stock. Wedbush also issued estimates for Trade Desk’s FY2026 earnings at $2.05 EPS.

Other equities research analysts have also issued research reports about the company. BTIG Research upped their target price on Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Scotiabank initiated coverage on shares of Trade Desk in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price objective for the company. Citigroup increased their target price on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Needham & Company LLC lifted their price target on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, DA Davidson increased their price objective on shares of Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and an average price target of $129.48.

Trade Desk Stock Up 0.1 %

TTD opened at $121.52 on Monday. The stock has a market cap of $59.98 billion, a PE ratio of 199.21, a price-to-earnings-growth ratio of 6.00 and a beta of 1.45. Trade Desk has a twelve month low of $61.47 and a twelve month high of $141.53. The company has a fifty day moving average of $126.70 and a 200-day moving average of $111.70.

Insider Activity

In other news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the transaction, the director now directly owns 28,636 shares of the company’s stock, valued at $3,375,898.04. This represents a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the sale, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders own 9.72% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Private Advisor Group LLC raised its holdings in Trade Desk by 39.6% during the 2nd quarter. Private Advisor Group LLC now owns 32,862 shares of the technology company’s stock valued at $3,210,000 after acquiring an additional 9,323 shares during the period. Candriam S.C.A. grew its holdings in Trade Desk by 5.3% during the 2nd quarter. Candriam S.C.A. now owns 22,983 shares of the technology company’s stock valued at $2,245,000 after buying an additional 1,165 shares in the last quarter. Savant Capital LLC increased its position in shares of Trade Desk by 10.8% during the second quarter. Savant Capital LLC now owns 25,497 shares of the technology company’s stock valued at $2,490,000 after buying an additional 2,494 shares during the period. Lake Street Advisors Group LLC purchased a new stake in shares of Trade Desk in the second quarter worth about $282,000. Finally, Asset Dedication LLC boosted its position in shares of Trade Desk by 1,470.0% in the second quarter. Asset Dedication LLC now owns 1,570 shares of the technology company’s stock valued at $153,000 after acquiring an additional 1,470 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

About Trade Desk

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.