Citigroup Cuts Trade Desk (NASDAQ:TTD) Price Target to $38.00

Trade Desk (NASDAQ:TTD) had its target price lowered by research analysts at Citigroup from $50.00 to $38.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Citigroup’s price objective points to a potential upside of 18.16% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the company. Moffett Nathanson raised Trade Desk from a “sell” rating to a “neutral” rating and set a $39.00 price target on the stock in a research report on Monday, January 12th. Exane BNP Paribas raised Trade Desk to a “hold” rating in a report on Wednesday, January 14th. Susquehanna dropped their price target on Trade Desk from $135.00 to $85.00 and set a “positive” rating for the company in a research note on Friday, November 7th. JMP Securities set a $60.00 price objective on shares of Trade Desk and gave the stock a “market outperform” rating in a research note on Tuesday, September 30th. Finally, Wolfe Research reissued an “outperform” rating and issued a $45.00 target price (down from $60.00) on shares of Trade Desk in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $66.30.

Trade Desk Trading Down 4.9%

Shares of TTD traded down $1.65 during mid-day trading on Tuesday, reaching $32.16. The company’s stock had a trading volume of 5,390,384 shares, compared to its average volume of 11,049,626. Trade Desk has a 1-year low of $31.93 and a 1-year high of $125.80. The stock has a market cap of $15.55 billion, a P/E ratio of 37.00, a PEG ratio of 1.43 and a beta of 1.11. The business has a 50-day simple moving average of $37.91 and a two-hundred day simple moving average of $50.51.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The business had revenue of $739.43 million for the quarter, compared to analyst estimates of $719.11 million. During the same period in the previous year, the firm earned $0.41 EPS. The firm’s revenue was up 17.7% compared to the same quarter last year. Research analysts anticipate that Trade Desk will post 1.06 EPS for the current year.

Trade Desk announced that its board has authorized a share repurchase plan on Thursday, November 6th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Trade Desk

A number of hedge funds and other institutional investors have recently bought and sold shares of TTD. Family Legacy Financial Solutions LLC boosted its stake in shares of Trade Desk by 163.2% during the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after purchasing an additional 310 shares in the last quarter. Sound Income Strategies LLC boosted its position in Trade Desk by 317.6% during the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after buying an additional 270 shares during the period. Versant Capital Management Inc grew its holdings in Trade Desk by 175.8% during the 3rd quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock worth $26,000 after acquiring an additional 334 shares during the last quarter. Root Financial Partners LLC acquired a new position in Trade Desk in the 3rd quarter valued at approximately $26,000. Finally, Elevation Wealth Partners LLC increased its position in Trade Desk by 2,382.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock valued at $27,000 after acquiring an additional 691 shares during the period. Institutional investors own 67.77% of the company’s stock.

Key Stories Impacting Trade Desk

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

• Positive Sentiment: Rosenblatt Securities cut its price target on TTD from $64 to $53 but kept a “buy” rating, still implying substantial upside from current levels — this vote of confidence from an analyst shop may limit further downside. Benzinga
• Neutral Sentiment: The company named longtime finance executive Tahnil Davis as interim CFO (she’s been at TTD ~11 years) — an internal appointment that could provide continuity while the firm searches for a permanent successor. BusinessWire
• Negative Sentiment: CFO Alex Kayyal resigned, triggering concern about C-suite stability; the announcement coincided with a sharp share drop and a new 52-week low — management turnover is the main catalyst for the sell-off. TipRanks
• Negative Sentiment: The stock fell noticeably in recent sessions (reports cite declines around ~7.5% and intraday moves ~4.8%) as investors reacted to the leadership changes and uncertainty about execution. Zacks
• Negative Sentiment: TTD updated its Q4 FY25 revenue guidance to about $840.0M versus the street’s $841.4M estimate — a small miss that adds to near-term concern about top-line momentum. No external link

About Trade Desk

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.