RBC Capital Markets Initiates Coverage on Trade Desk Inc (TTD)
RBC Capital Markets began coverage on shares of Trade Desk Inc (NYSE:TTD) in a research report issued on Monday. The firm set an “outperform” rating and a $33.00 price target on the stock. RBC Capital Markets’ price objective points to a potential upside of 25.62% from the company’s current price.
Several other brokerages have also recently issued reports on TTD. Jefferies Group began coverage on Trade Desk in a research report on Monday. They issued a “buy” rating and a $35.00 price target on the stock. Cantor Fitzgerald began coverage on Trade Desk in a research report on Wednesday, October 5th. They issued a “buy” rating and a $30.00 price target on the stock. Finally, Susquehanna began coverage on Trade Desk in a research report on Friday, September 23rd. They issued a “positive” rating and a $40.00 price target on the stock. Eight research analysts have rated the stock with a buy rating, Trade Desk currently has a consensus rating of “Buy” and a consensus target price of $33.13.
Shares of Trade Desk (NYSE:TTD) traded down 0.34% on Monday, hitting $26.27. The stock had a trading volume of 337,580 shares. The stock has a 50 day moving average price of $27.41 and a 200-day moving average price of $27.41. The company’s market cap is $289.89 million. Trade Desk has a 12-month low of $23.50 and a 12-month high of $33.40.
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In other Trade Desk news, Director Eric B. Paley sold 299,979 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $18.00, for a total transaction of $5,399,622.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
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