Stifel Nicolaus Cuts Trade Desk (NASDAQ:TTD) Price Target to $48.00

Trade Desk (NASDAQ:TTD) had its price target decreased by Stifel Nicolaus from $74.00 to $48.00 in a research note issued to investors on Thursday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the technology company’s stock.

Other analysts also recently issued reports about the company. Guggenheim restated a “buy” rating and issued a $50.00 price target (down from $55.00) on shares of Trade Desk in a research note on Monday, January 5th. Loop Capital downgraded Trade Desk from a “buy” rating to a “hold” rating and dropped their target price for the stock from $75.00 to $25.00 in a report on Thursday. Susquehanna reduced their target price on shares of Trade Desk from $135.00 to $85.00 and set a “positive” rating for the company in a research report on Friday, November 7th. Bank of America decreased their price target on shares of Trade Desk from $49.00 to $40.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 20th. Finally, Moffett Nathanson reiterated a “neutral” rating and issued a $32.00 price objective on shares of Trade Desk in a research note on Thursday. 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 issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $44.70.

Trade Desk Stock Performance

Shares of TTD stock opened at $23.82 on Thursday. Trade Desk has a 52 week low of $21.08 and a 52 week high of $91.45. The company has a market capitalization of $11.52 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 0.93 and a beta of 1.10. The company has a 50-day simple moving average of $32.27 and a 200 day simple moving average of $41.81.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.59. Trade Desk had a net margin of 15.31% and a return on equity of 16.60%. The firm had revenue of $846.79 million during the quarter, compared to the consensus estimate of $840.56 million. During the same period last year, the business posted $0.59 earnings per share. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. Sell-side analysts forecast that Trade Desk will post 1.06 EPS for the current year.

Trade Desk declared that its board has approved a share buyback plan on Thursday, November 6th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Trade Desk

Hedge funds have recently bought and sold shares of the company. Transce3nd LLC acquired a new position in shares of Trade Desk in the 2nd quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC bought a new position in Trade Desk in the second quarter valued at approximately $28,000. Estabrook Capital Management bought a new position in Trade Desk in the second quarter valued at approximately $36,000. Family Legacy Financial Solutions LLC raised its position in Trade Desk by 163.2% during the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after purchasing an additional 310 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Trade Desk by 175.8% during the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock worth $26,000 after purchasing an additional 334 shares during the last quarter. 67.77% of the stock is owned by institutional investors.

Key Headlines Impacting Trade Desk

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

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.