Trade Desk Inc (TTD) Now Covered by Analysts at Needham & Company LLC
Analysts at Needham & Company LLC assumed coverage on shares of Trade Desk Inc (NYSE:TTD) in a research note issued to investors on Monday. The firm set a “buy” rating and a $32.00 price target on the stock. Needham & Company LLC’s price target points to a potential upside of 21.40% from the stock’s previous close.
TTD has been the subject of several other research reports. Cantor Fitzgerald initiated coverage on Trade Desk in a research note on Wednesday, October 5th. They issued a “buy” rating and a $30.00 price objective for the company. 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. RBC Capital Markets initiated coverage on Trade Desk in a research note on Monday. They issued an “outperform” rating for the company. Jefferies Group initiated coverage on Trade Desk in a research note on Monday. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada initiated coverage on Trade Desk in a research note on Monday. They issued an “outperform” rating and a $33.00 price objective for the company. Seven analysts have rated the stock with a buy rating, The company currently 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. Trade Desk has a 12-month low of $23.50 and a 12-month high of $33.40. The stock has a 50 day moving average of $27.41 and a 200-day moving average of $27.41. The firm’s market capitalization is $290.88 million.
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In other Trade Desk news, Director Eric B. Paley sold 299,979 shares of the stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $18.00, for a total transaction of $5,399,622.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
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