Trade Desk Inc (TTD) Coverage Initiated by Analysts at Citigroup Inc.
Equities research analysts at Citigroup Inc. started coverage on shares of Trade Desk Inc (NYSE:TTD) in a research note issued on Monday. The firm set a “buy” rating and a $31.00 price target on the stock. Citigroup Inc.’s price objective suggests a potential upside of 18.01% from the company’s previous close.
Several other equities analysts have also recently issued reports on TTD. Susquehanna initiated coverage on Trade Desk in a research note on Friday, September 23rd. They issued a “positive” rating and a $40.00 price objective for the company. Cantor Fitzgerald initiated coverage on Trade Desk in a research note on Wednesday, October 5th. They set a “buy” rating and a $30.00 target price for the company. Jefferies Group initiated coverage on Trade Desk in a research note on Monday. They set a “buy” rating and a $35.00 target price for the company. Finally, RBC Capital Markets initiated coverage on Trade Desk in a research note on Monday. They set an “outperform” rating and a $33.00 target price for the company. Eight investment analysts have rated the stock with a buy rating, Trade Desk has an average rating of “Buy” and an average target price of $33.13.
Shares of Trade Desk (NYSE:TTD) traded down 0.34% during midday trading on Monday, hitting $26.27. 337,580 shares of the stock were exchanged. The company’s market cap is $289.89 million. Trade Desk has a one year low of $23.50 and a one year high of $33.40. The firm has a 50 day moving average of $27.41 and a 200-day moving average of $27.41.
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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 value of $5,399,622.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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