Trade Desk (NASDAQ:TTD) has seen its price target reduced from $80.00 to $70.00 by Evercore ISI, as outlined in a research note published on Friday. The investment firm continues to maintain an outperform rating on the technology company’s stock. This adjustment comes amid a broader analysis of the stock by various equity research analysts.
In a recent development, Wedbush upgraded Trade Desk to a “hold” rating in a report issued on Tuesday. Meanwhile, KeyCorp raised its price target for Trade Desk from $80.00 to $95.00, categorizing the stock as “overweight” in a report released on July 17. In contrast, Rosenblatt Securities decreased its price objective from $78.00 to $64.00, while maintaining a “buy” rating. Additionally, Stifel Nicolaus lowered its price target from $95.00 to $90.00 and also issued a “buy” rating for the company. Wells Fargo & Company set a target price of $53.00 on Trade Desk and assigned an “equal weight” rating in a note on October 6.
As of now, twenty-one analysts have rated Trade Desk with a Buy rating, while twelve have assigned a Hold rating, and four have given it a Sell rating. According to MarketBeat.com, the consensus rating for the stock stands at “Hold” with an average price target of $79.48.
Quarterly Performance Highlights
Trade Desk recently announced its earnings results for the quarter ending November 6, revealing an earnings per share (EPS) of $0.45, surpassing analysts’ expectations of $0.44 by a small margin. The company reported a return on equity of 15.73% and a net margin of 15.72%. Revenue for the quarter reached $739.43 million, exceeding the anticipated $719.11 million. This represented an increase of 17.7% compared to the same period last year, when the EPS was $0.41.
Looking ahead, Trade Desk has provided guidance for the fourth quarter of 2025 with expectations for an EPS of $1.06 for the current year. Moreover, the company announced a stock buyback plan worth $500 million on November 6, allowing it to repurchase up to 2.1% of its outstanding shares. Such buyback initiatives often indicate that a company’s board believes its shares are undervalued.
Insider Activity and Institutional Holdings
In related news, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk on September 10, at an average price of $48.20, totaling approximately $67,624.60. Following this transaction, Cunningham’s ownership in the company decreased by 21.79%, leaving her with 5,035 shares, valued at about $242,687. Currently, 10.00% of Trade Desk’s stock is owned by insiders.
Several institutional investors have recently made adjustments to their holdings in Trade Desk. Family Legacy Financial Solutions LLC increased its position by 163.2% during the third quarter, now holding 500 shares worth $25,000. Banque Cantonale Vaudoise has entered a new stake valued at approximately $26,000. Sound Income Strategies LLC raised its stake by 317.6% during the second quarter and currently owns 355 shares, also valued at $26,000. Versant Capital Management Inc and Root Financial Partners LLC also expanded their investments during the same period.
Institutional investors collectively own 67.77% of Trade Desk’s stock, reflecting significant confidence in the company’s potential for growth and stability in the technology sector.
