Trade Desk (NASDAQ:TTD) Hits New 1-Year Low on Analyst Downgrade

Shares of The Trade Desk (NASDAQ:TTD) reached a new 52-week low during mid-day trading on Monday after Citigroup lowered their price target on the stock from $50.00 to $38.00. Citigroup currently has a neutral rating on the stock. Trade Desk traded as low as $33.99 and last traded at $33.9820, with a volume of 12888101 shares trading hands. The stock had previously closed at $36.55.

Other equities research analysts have also issued research reports about the stock. UBS Group reiterated a “buy” rating and issued a $50.00 price objective (down previously from $82.00) on shares of Trade Desk in a research note on Tuesday, January 20th. Benchmark raised Trade Desk from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a report on Friday, November 7th. Moffett Nathanson upgraded Trade Desk from a “sell” rating to a “neutral” rating and set a $39.00 price target on the stock in a report on Monday, January 12th. Royal Bank Of Canada set a $80.00 price objective on Trade Desk and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, Wells Fargo & Company set a $42.00 target price on Trade Desk and gave the company an “equal weight” rating in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Trade Desk presently has an average rating of “Hold” and an average price target of $65.53.

Key Stories Impacting Trade Desk

Here are the key news stories impacting Trade Desk this week:

• Positive Sentiment: Rosenblatt kept a “buy” rating despite cutting its price target (from $64 to $53), signaling some analysts still see material upside. Rosenblatt PT cut
• Positive Sentiment: CFRA reaffirmed a “hold” and set a $40 price target, implying upside from current levels and suggesting some analysts see the pullback as an opportunity. CFRA rating
• Neutral Sentiment: The company named longtime Chief Accounting Officer Tahnil Davis as interim CFO, which provides continuity because she’s been at The Trade Desk nearly 11 years. This should limit disruption but doesn’t remove uncertainty about a permanent hire. Interim CFO announcement
• Neutral Sentiment: The company updated Q4 FY2025 guidance with revenue roughly in line with consensus (~$840M vs ~$841.4M), implying no major near-term fundamental shock from operations. (Company update)
• Negative Sentiment: Sudden resignation of CFO Alex Kayyal triggered analyst downgrades and selling pressure; coverage notes this is the second CFO transition in under six months and heightened governance/leadership concerns. Fool: CFO exit
• Negative Sentiment: Citigroup cut its price target from $50 to $38 and moved to “neutral,” joining other firms that trimmed targets/ratings — analyst cuts amplify downside in the short term. Citigroup PT cut
• Negative Sentiment: Market reaction: shares hit a new 52-week low on heightened volume as sentiment-driven selling overwhelmed fundamentals on the news. 52-week low

Institutional Investors Weigh In On Trade Desk

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Trade Desk by 27.7% in the third quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock valued at $2,787,486,000 after purchasing an additional 12,321,000 shares during the period. State Street Corp grew its stake in Trade Desk by 271.1% in the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock valued at $1,781,723,000 after buying an additional 26,559,005 shares in the last quarter. Jennison Associates LLC raised its holdings in Trade Desk by 17.9% during the 2nd quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock valued at $1,027,114,000 after acquiring an additional 2,169,252 shares during the period. Geode Capital Management LLC lifted its position in shares of Trade Desk by 52.1% during the second quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock worth $884,860,000 after acquiring an additional 4,218,975 shares in the last quarter. Finally, Brown Advisory Inc. boosted its holdings in shares of Trade Desk by 2.7% in the second quarter. Brown Advisory Inc. now owns 8,323,522 shares of the technology company’s stock worth $599,212,000 after acquiring an additional 221,228 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Price Performance

The stock has a market capitalization of $15.57 billion, a P/E ratio of 37.00, a price-to-earnings-growth ratio of 1.33 and a beta of 1.11. The stock has a fifty day moving average price of $37.75 and a 200 day moving average price of $50.20.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $739.43 million for the quarter, compared to analysts’ expectations of $719.11 million. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The firm’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 EPS. Research analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk announced that its Board of Directors has initiated a share repurchase program on Thursday, November 6th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

About Trade Desk

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.