Trade Desk Inc (TTD) Earns Outperform Rating from Analysts at Raymond James Financial Inc.
Research analysts at Raymond James Financial Inc. assumed coverage on shares of Trade Desk Inc (NYSE:TTD) in a research note issued to investors on Monday. The brokerage set an “outperform” rating and a $31.00 price target on the stock. Raymond James Financial Inc.’s price target suggests a potential upside of 17.60% from the stock’s current price.
A number of other research analysts have also commented on the company. Needham & Company LLC began coverage on Trade Desk in a research note on Monday. They issued a “buy” rating and a $32.00 target price for the company. Royal Bank Of Canada began coverage on Trade Desk in a research note on Monday. They issued an “outperform” rating and a $33.00 target price for the company. Citigroup Inc. assumed coverage on Trade Desk in a research note on Monday. They issued a “buy” rating and a $31.00 target price for the company. RBC Capital Markets assumed coverage on Trade Desk in a research note on Monday. They set an “outperform” rating for the company. Finally, Jefferies Group assumed coverage on Trade Desk in a research note on Monday. They set a “buy” rating and a $35.00 price objective for the company. Eight analysts have rated the stock with a buy rating, Trade Desk presently has a consensus rating of “Buy” and an average target price of $33.14.
Shares of Trade Desk (NYSE:TTD) traded down 0.3331% during midday trading on Monday, reaching $26.2722. 182,105 shares of the company’s stock traded hands. The firm’s market capitalization is $289.91 million. The stock’s 50 day moving average price is $27.41 and its 200 day moving average price is $27.41. Trade Desk has a 52-week low of $23.50 and a 52-week high of $33.40.
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In other news, Director Eric B. Paley sold 299,979 shares of the stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
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