Macquarie analyst Tim Nollen maintains $The Trade Desk (TTD.US)$ with a buy rating, and sets the target price at $130.
According to TipRanks data, the analyst has a success rate of 46.8% and a total average return of 9.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $The Trade Desk (TTD.US)$'s main analysts recently are as follows:
The solidity of the advertising market is evidenced by the consistent organic growth averaging 3% in the third quarter as reported by ad agencies. This is anticipated to contribute to a slight uptick in linear TV advertising revenues, which would otherwise remain in decline if not for the Olympics. It is projected that Trade Desk will present a robust set of results for the third quarter.
Analysts note that the advertising market appeared stable during Q3. This stability, along with positive shifts in several major currencies, could result in revenue and profitability figures for Trade Desk that surpass the current market forecasts. Although aggressive guidance for Q4 may be unlikely due to macroeconomic uncertainty and a condensed holiday sales period, analysts expect that Trade Desk's product cycles could support strong growth through to 2025.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
