BMO Capital Markets Lowers Trade Desk (NASDAQ:TTD) Price Target to $55.00

Trade Desk (NASDAQ:TTD) had its price target cut by equities researchers at BMO Capital Markets from $98.00 to $55.00 in a report released on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 130.90% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Susquehanna cut their target price on Trade Desk from $135.00 to $85.00 and set a “positive” rating on the stock in a research report on Friday, November 7th. BNP Paribas Exane began coverage on Trade Desk in a report on Wednesday, January 14th. They issued a “neutral” rating and a $40.00 price objective on the stock. KeyCorp restated an “overweight” rating and issued a $40.00 price objective (down from $88.00) on shares of Trade Desk in a research note on Tuesday, February 3rd. Wolfe Research reiterated an “outperform” rating and issued a $45.00 target price (down from $60.00) on shares of Trade Desk in a research report on Monday, January 5th. Finally, Stifel Nicolaus cut their price target on shares of Trade Desk from $74.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $44.70.

Trade Desk Stock Down 0.5%

TTD opened at $23.82 on Thursday. The company has a market cap of $11.52 billion, a P/E ratio of 26.47, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10. The firm’s 50-day moving average price is $32.27 and its 200-day moving average price is $41.89. Trade Desk has a 52-week low of $21.08 and a 52-week high of $91.45.

Trade Desk (NASDAQ:TTD) last released its earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. Trade Desk had a net margin of 15.31% and a return on equity of 16.60%. The company had revenue of $846.79 million for the quarter, compared to the consensus estimate of $840.56 million. During the same quarter in the previous year, the firm earned $0.59 EPS. Trade Desk’s revenue was up 14.3% compared to the same quarter last year. On average, research analysts anticipate that Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 6th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 2.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Trade Desk

Hedge funds have recently bought and sold shares of the stock. Family Legacy Financial Solutions LLC increased its holdings in shares of Trade Desk by 163.2% during the 3rd 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. Versant Capital Management Inc boosted its holdings in Trade Desk by 175.8% during the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock worth $26,000 after buying an additional 334 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Trade Desk during the third quarter valued at $26,000. Elevation Wealth Partners LLC increased its holdings in Trade Desk by 2,382.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock valued at $27,000 after buying an additional 691 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Trade Desk in the second quarter worth about $28,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk News Roundup

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

• Positive Sentiment: Board authorized a $350 million share repurchase (about 2.9% of shares), signaling management thinks the stock is undervalued. MarketBeat Buyback Report
• Positive Sentiment: Q4 beat: revenue of ~$847M and EPS in line with consensus; core ad businesses (CTV/video) remain large and audio is cited as an emerging growth driver. Proactive Investors Q4 Coverage
• Positive Sentiment: Product roadmap/Kokai platform rollout noted as a potential catalyst that could restore growth and justify valuation after the pullback. Yahoo Valuation/Kokai Article
• Neutral Sentiment: Unusually large options volume — indicates elevated trading/speculation and hedging activity around the stock but not directional confirmation. American Banking News Options Note
• Negative Sentiment: Softer Q1 guidance: management guided Q1 revenue growth below Street expectations (roughly +10% vs. ~12% consensus) and flagged a ~500bps year‑over‑year margin headwind, which spooked investors. Yahoo: Jefferies Reaction & Guidance Note
• Negative Sentiment: Profitability outlook hit: management’s adjusted EBITDA guidance implies a material near‑term cut (one article notes adjusted EBITDA could be halved), increasing short‑term earnings uncertainty. Fool: EBITDA/Guidance Coverage
• Negative Sentiment: Broad analyst repricing: multiple firms cut price targets and ratings after the guidance (examples include Jefferies, Loop, New Street and others), reflecting increased skepticism about near‑term growth and competitive pressure. TipRanks: Analyst Reactions
• Negative Sentiment: Market share and secular worries: coverage highlights slowing growth, competition (notably Amazon), and investor reassessment of the “independent objective ad‑tech” thesis, pressuring multiples. Fool: Competitive/Thesis Coverage

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.