DA Davidson Issues Pessimistic Forecast for Trade Desk (NASDAQ:TTD) Stock Price

by · The Cerbat Gem

Trade Desk (NASDAQ:TTD – Get Free Report) had its price target dropped by investment analysts at DA Davidson from $54.00 to $32.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. DA Davidson’s price objective points to a potential upside of 33.61% from the stock’s current price.

A number of other equities analysts have also issued reports on TTD. Evercore reaffirmed an “outperform” rating on shares of Trade Desk in a research note on Monday. KeyCorp restated an “overweight” rating and issued a $40.00 price objective (down from $88.00) on shares of Trade Desk in a report on Tuesday, February 3rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $22.00 target price on shares of Trade Desk in a research note on Thursday. Citigroup dropped their price target on shares of Trade Desk from $50.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 27th. Finally, Needham & Company LLC cut their price target on shares of Trade Desk from $60.00 to $32.00 and set a “buy” rating for the company in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $44.70.

Read Our Latest Stock Analysis on TTD

Trade Desk Price Performance

NASDAQ:TTD traded down $1.21 during trading hours on Thursday, reaching $23.95. 52,917,693 shares of the company were exchanged, compared to its average volume of 15,232,788. The firm has a market cap of $11.58 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 0.98 and a beta of 1.10. The stock has a 50 day simple moving average of $32.81 and a 200 day simple moving average of $42.22. Trade Desk has a 52-week low of $21.08 and a 52-week high of $91.45.

Trade Desk (NASDAQ:TTD – Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.59. The company had revenue of $846.79 million during the quarter, compared to analyst estimates of $840.56 million. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 earnings per share. On average, analysts predict that Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has approved a stock buyback program on Thursday, November 6th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Trade Desk

Several large investors have recently made changes to their positions in TTD. Vanguard Group Inc. raised its holdings in shares of Trade Desk by 0.7% during the second quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company’s stock worth $3,207,504,000 after acquiring an additional 317,107 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Trade Desk by 327.3% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,121,436 shares of the technology company’s stock worth $80,732,000 after purchasing an additional 858,978 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Trade Desk by 62.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,743 shares of the technology company’s stock valued at $8,515,000 after purchasing an additional 66,672 shares during the period. Jacobson & Schmitt Advisors LLC lifted its holdings in shares of Trade Desk by 19.6% in the third quarter. Jacobson & Schmitt Advisors LLC now owns 289,574 shares of the technology company’s stock valued at $14,192,000 after purchasing an additional 47,539 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its position in shares of Trade Desk by 22.9% during the second quarter. Panagora Asset Management Inc. now owns 996,787 shares of the technology company’s stock worth $71,759,000 after buying an additional 185,552 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trending Headlines about Trade Desk

Here are the key news stories impacting Trade Desk this week:

  • Positive Sentiment: Board authorized a $350M share‑repurchase program (up to ~2.9% of shares), which signals management thinks the stock is undervalued and provides buyback support. RTT News: Stock Buybacks
  • Positive Sentiment: The company expanded its Ventura CTV ecosystem—an industry collaboration meant to boost connected‑TV monetization and transparency, which could help long‑term CPMs and client retention. Trade Desk Unveils Ventura Ecosystem
  • Neutral Sentiment: Q4 results: revenue $846.8M (+14% y/y) slightly beat consensus and EPS matched estimates—shows underlying business still growing but not accelerating. Q4 Results Press Release
  • Neutral Sentiment: Emerging growth areas such as audio were highlighted by analysts as potential upside drivers, but impact will be gradual. Zacks: Audio Momentum
  • Negative Sentiment: Management guided Q1 revenue and profitability below Street expectations (management said adjusted‑EBITDA could be cut roughly in half), which is the main driver of the selloff. Proactive Investors: Beats Q4 but Softer Q1
  • Negative Sentiment: Multiple firms slashed price targets and some downgraded the stock (examples: Loop, New Street sell; widespread PT cuts from BMO, RBC, Oppenheimer, UBS, Morgan Stanley, etc.), amplifying negative momentum. TipRanks: Analysts Cut Price Targets
  • Negative Sentiment: Industry/customer pressure: auto and CPG clients remain soft, and several analyst notes flag that those vertical headwinds could keep growth below prior expectations. Seeking Alpha: CPG & Auto Headwinds

About Trade Desk

(Get Free Report)

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.

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