Trade Desk Inc (TTD) Earns Outperform Rating from Analysts at Royal Bank Of Canada
Research analysts at Royal Bank Of Canada assumed coverage on shares of Trade Desk Inc (NYSE:TTD) in a report issued on Monday. The brokerage set an “outperform” rating and a $33.00 price target on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 25.19% from the company’s current price.
TTD has been the subject of several other research reports. Citigroup Inc. assumed coverage on Trade Desk in a report on Monday. They issued a “buy” rating for the company. Susquehanna assumed coverage on Trade Desk in a report on Friday, September 23rd. They issued a “positive” rating and a $40.00 price objective for the company. RBC Capital Markets assumed coverage on Trade Desk in a report on Monday. They issued an “outperform” rating for the company. Cantor Fitzgerald assumed coverage on Trade Desk in a report on Wednesday, October 5th. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Jefferies Group assumed coverage on Trade Desk in a report on Monday. They issued a “buy” rating for the company. Seven equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of $33.75.
Shares of Trade Desk (NYSE:TTD) opened at 26.36 on Monday. 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 capitalization is $290.88 million. Trade Desk has a 1-year low of $23.50 and a 1-year high of $33.40.
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In related news, Director Eric B. Paley sold 299,979 shares of Trade Desk stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through this link.
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