Trade Desk

Trade Desk (NASDAQ:TTD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/22/2024 18.69% Needham → $100 Reiterates Buy → Buy 02/16/2024 -50.15% Benchmark $32 → $42 Maintains Sell 02/16/2024 0.89% Stephens & Co. → $85 Reiterates Overweight → Overweight 02/16/2024 24.63% RBC Capital $90 → $105 Maintains Outperform 02/16/2024 27% BMO Capital $88 → $107 Maintains Outperform 02/16/2024 18.69% Keybanc $84 → $100 Maintains Overweight 02/16/2024 24.63% Piper Sandler $80 → $105 Maintains Overweight 02/16/2024 18.69% Stifel $80 → $100 Maintains Buy 02/16/2024 24.63% Oppenheimer $85 → $105 Maintains Outperform 02/16/2024 18.69% Truist Securities $80 → $100 Maintains Buy 02/16/2024 30.56% Susquehanna $75 → $110 Maintains Positive 02/12/2024 — Seaport Global Initiates Coverage On → Neutral 01/09/2024 4.45% BMO Capital → $88 Initiates Coverage On → Outperform 01/09/2024 -5.04% Stifel $79 → $80 Maintains Buy 12/18/2023 -1.25% HSBC → $83.2 Initiates Coverage […]

Needham analyst Laura Martin reiterates Trade Desk (NASDAQ:TTD) with a Buy and maintains $100 price target.

Trade Desk (TTD) is likely to see “revenue re-acceleration” this year as “solid” Q4 results set up the company for 2024, RBC Capital Markets said in a Saturday note. “The broader macro environment remains uneven, but we continue to pick up signs of improvement to start the year with Q1 likely being stronger than Q4 when adjusting for seasonality,” RBC said. The investment firm estimates Q4 revenue to be close to the 2.2% average beat in the past four quarters but noted that it expects the company to issue a “prudently conservative” Q1 outlook. RBC said current investor concerns revolve around the potential impacts of Google cookie deprecation and Amazon’s (AMZN) Advertising Video On Demand inventory. These concerns have been “overblown” but will still be “challenging” to dismiss near term, RBC added. Trade Desk is set to release its Q4 results on Feb. 15. RBC maintained its outperform rating on