Morgan Stanley Cuts Trade Desk (NASDAQ:TTD) Price Target to $30.00

Trade Desk (NASDAQ:TTD) had its price objective dropped by research analysts at Morgan Stanley from $42.00 to $30.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s target price would indicate a potential upside of 25.33% from the company’s current price.

Other equities analysts have also issued reports about the stock. Loop Capital lowered shares of Trade Desk from a “buy” rating to a “hold” rating and reduced their target price for the stock from $75.00 to $25.00 in a research report on Thursday. Cannonball Research raised Trade Desk to a “strong-buy” rating in a research note on Monday, January 12th. Truist Financial decreased their target price on Trade Desk from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday. Benchmark reiterated a “buy” rating and issued a $40.00 target price (down from $65.00) on shares of Trade Desk in a report on Monday. Finally, Royal Bank Of Canada cut their price target on Trade Desk from $65.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.55.

Trade Desk Stock Down 4.9%

TTD traded down $1.22 during trading hours on Thursday, reaching $23.94. 39,279,602 shares of the company’s stock traded hands, compared to its average volume of 14,849,496. The firm has a 50-day moving average price of $32.81 and a 200 day moving average price of $42.22. Trade Desk has a 52-week low of $21.08 and a 52-week high of $91.45. The firm has a market capitalization of $11.58 billion, a PE ratio of 27.63, a PEG ratio of 0.98 and a beta of 1.10.

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. The business had revenue of $846.79 million during the quarter, compared to the consensus estimate of $840.56 million. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. Equities analysts predict that Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 6th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 2.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Trade Desk

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Trade Desk by 0.7% in the second quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company’s stock valued at $3,207,504,000 after acquiring an additional 317,107 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of 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 during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Trade Desk by 62.3% during 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 in the last quarter. Jacobson & Schmitt Advisors LLC lifted its stake in shares of Trade Desk by 19.6% in the 3rd 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 during the period. Finally, Panagora Asset Management Inc. grew its position in Trade Desk by 22.9% during the second quarter. Panagora Asset Management Inc. now owns 996,787 shares of the technology company’s stock valued at $71,759,000 after buying an additional 185,552 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk News Summary

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

• Positive Sentiment: Board authorizes a $350 million share repurchase program (up to ~2.9% of shares), which supports buyback-led shareholder value and signals management thinks the shares are undervalued. RTT News: Stock Buybacks
• Positive Sentiment: Product push: The company expanded its Ventura CTV ecosystem (aimed at improving transparency and CPMs for connected-TV advertising), a potential structural positive for monetization over time. Yahoo Finance: Ventura Ecosystem
• Neutral Sentiment: Q4 results: Revenue of ~$847M beat consensus slightly and EPS matched estimates, with revenue up ~14% Y/Y (19% ex‑political). The quarter shows continued top‑line growth but not enough to offset a weak guide. Yahoo Finance: Q4 Results
• Neutral Sentiment: Emerging revenue drivers: audio is cited as a growth area alongside CTV, which could help longer‑term top‑line diversification if adoption continues. Zacks: Audio Momentum
• Negative Sentiment: Weak Q1 outlook and margin caution: management guided Q1 revenue below Street expectations (guidance ~$678M vs. ~687M consensus) and cut adjusted‑EBITDA guidance substantially (reported as a roughly 50% reduction), a primary driver of the stock decline. Fool: Why TTD Dropped
• Negative Sentiment: Analysts slashed price targets and ratings after the guide — multiple firms cut targets (examples include Oppenheimer, RBC, Wells Fargo, Stifel, Truist, Needham, Rosenblatt) and some downgraded the stock to hold/sell, amplifying selling pressure. TipRanks: Analysts Cut Targets
• Negative Sentiment: Market reaction and sentiment: coverage and commentary highlight a longer‑term growth test after a steep share decline over the past year; short‑term investor focus is on whether Trade Desk can re‑accelerate revenue growth amid pressure in automotive and packaged‑goods verticals. Proactive Investors: Beats But Expects Softer Q1

Trade Desk Company Profile

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.