Needham & Company LLC Cuts Trade Desk (NASDAQ:TTD) Price Target to $32.00

Trade Desk (NASDAQ:TTD) had its target price cut by Needham & Company LLC from $60.00 to $32.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other research firms also recently commented on TTD. Wall Street Zen upgraded shares of Trade Desk from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. New Street Research cut Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 price target on the stock. in a report on Thursday. Guggenheim reiterated a “buy” rating and set a $50.00 price objective (down from $55.00) on shares of Trade Desk in a research report on Monday, January 5th. DA Davidson decreased their target price on Trade Desk from $80.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Wedbush reaffirmed a “neutral” rating and set a $23.00 target price (down from $40.00) on shares of Trade Desk in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $44.70.

Trade Desk Stock Performance

Shares of TTD stock opened at $23.82 on Thursday. Trade Desk has a 1 year low of $21.08 and a 1 year high of $91.45. The business’s fifty day moving average is $32.27 and its 200-day moving average is $41.81. The stock has a market cap of $11.52 billion, a PE ratio of 26.47, a price-to-earnings-growth ratio of 0.93 and a beta of 1.10.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share for the quarter, meeting the consensus estimate of $0.59. The business had revenue of $846.79 million during the quarter, compared to analysts’ expectations of $840.56 million. Trade Desk had a return on equity of 16.60% and a net margin of 15.31%.The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the business posted $0.59 earnings per share. Equities research analysts predict that Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk declared that its Board of Directors has authorized a share repurchase plan on Thursday, November 6th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the technology company to buy up to 2.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Trade Desk

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Trade Desk by 27.7% in the 3rd 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 position in Trade Desk by 271.1% during the third quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock valued at $1,781,723,000 after purchasing an additional 26,559,005 shares in the last quarter. Geode Capital Management LLC increased its stake in Trade Desk by 52.1% in the 2nd quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock valued at $884,860,000 after buying an additional 4,218,975 shares during the period. Brown Advisory Inc. lifted its position in Trade Desk by 2.7% in the 2nd quarter. Brown Advisory Inc. now owns 8,323,522 shares of the technology company’s stock worth $599,212,000 after buying an additional 221,228 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Trade Desk by 101.0% in the 3rd quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock worth $333,659,000 after buying an additional 3,421,074 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

More Trade Desk News

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

• Positive Sentiment: Board authorized a $350 million share repurchase (about 2.9% of shares), signaling management thinks the stock is undervalued. MarketBeat Buyback Report
• Positive Sentiment: Q4 beat: revenue of ~$847M and EPS in line with consensus; core ad businesses (CTV/video) remain large and audio is cited as an emerging growth driver. Proactive Investors Q4 Coverage
• Positive Sentiment: Product roadmap/Kokai platform rollout noted as a potential catalyst that could restore growth and justify valuation after the pullback. Yahoo Valuation/Kokai Article
• Neutral Sentiment: Unusually large options volume — indicates elevated trading/speculation and hedging activity around the stock but not directional confirmation. American Banking News Options Note
• Negative Sentiment: Softer Q1 guidance: management guided Q1 revenue growth below Street expectations (roughly +10% vs. ~12% consensus) and flagged a ~500bps year‑over‑year margin headwind, which spooked investors. Yahoo: Jefferies Reaction & Guidance Note
• Negative Sentiment: Profitability outlook hit: management’s adjusted EBITDA guidance implies a material near‑term cut (one article notes adjusted EBITDA could be halved), increasing short‑term earnings uncertainty. Fool: EBITDA/Guidance Coverage
• Negative Sentiment: Broad analyst repricing: multiple firms cut price targets and ratings after the guidance (examples include Jefferies, Loop, New Street and others), reflecting increased skepticism about near‑term growth and competitive pressure. TipRanks: Analyst Reactions
• Negative Sentiment: Market share and secular worries: coverage highlights slowing growth, competition (notably Amazon), and investor reassessment of the “independent objective ad‑tech” thesis, pressuring multiples. Fool: Competitive/Thesis Coverage

Trade Desk Company Profile

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.