On Nov 12, major Wall Street analysts update their ratings for $The Trade Desk (TTD.US)$, with price targets ranging from $130 to $145.
Morgan Stanley analyst Matthew Cost maintains with a buy rating, and maintains the target price at $130.
Loop Capital analyst Rob Sanderson maintains with a buy rating, and adjusts the target price from $120 to $145.
Truist Financial analyst Youssef Squali maintains with a buy rating.
D.A. Davidson analyst Tom White maintains with a buy rating.
Seaport Global analyst Aaron Kessler maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $The Trade Desk (TTD.US)$'s main analysts recently are as follows:
The firm has increased medium-term confidence in the company's ability to sustain over 20% revenue growth, attributing this optimism to a greater understanding of the broader market dynamics propelling The Trade Desk's growth.
The company's third-quarter results were robust, and the guidance for the fourth quarter may be more on the conservative end. It has been suggested that while the year 2025 might experience a dip in growth due to comparisons with the presidential election year, the year 2026 is expected to see a positive impact from the company's newly extended partnerships with major players in the entertainment and retail sectors.
The company showcased robust revenue growth of 27% and an adjusted EBITDA margin of 41% for Q3, although the projected revenue increase for Q4 is slightly modest at 25%. Management emphasized various growth vectors that are expected to sustain consistent growth.
The company is noted to have considerable momentum looking forward to 2025, after establishing important new partnerships and demonstrating product innovation over the course of 2024.
Here are the latest investment ratings and price targets for $The Trade Desk (TTD.US)$ from 5 analysts:
Note:
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