Jefferies Assigned “a Buy” Rating to Trade Desk Inc (NASDAQ:TTD) Stock

Jefferies raised the price target for the Trade Desk Inc (NASDAQ:TTD) stock from “a Hold” to “a Buy”. The rating was released on May 02, 2024, according to finviz. We previously noted in another research note published on February 23, 2024 by BTIG Research that reiterated the stock to a Buy with a price target of $98 for TTD stock. The stock was reiterated by Wells Fargo, who disclosed in a research note on January 17, 2024, to Overweight and set the price objective to $80. In their research brief published January 09, 2024, BMO Capital Markets analysts initiated the Trade Desk Inc stock to Outperform with a price target of $88.

The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated 1.50% within the last five trades and 9.47% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 37.86% in the last 6 months and 15.42% was added to its value over the previous 3 months. TTD stock is trading at a margin of 1.11%, 6.72% and 19.84% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.


As of the close of trading, TTD deals in the Technology domain. The stock is trading -4.08 percent below its 52-week high and 56.35 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 27.47. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Trade Desk Inc’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 12.29 percent and the profit margin is 9.80 percent, and the company has reported a gross margin of 81.29 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $46.06 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Trade Desk Inc (NASDAQ:TTD) is 233.85. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 54.17. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 22.42 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 21.24, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 9.73 percent of Trade Desk Inc shares are owned by insiders, and 68.51 percent are held by financial institutions. Green Jeffrey Terry, the President and CEO at Trade Desk Inc (TTD) has sold 63,936 shares of firm on Apr 30 ’24 at a price of $84.08 against the total amount of $5.38 million. In another inside trade, Green Jeffrey Terry, President and CEO of Trade Desk Inc (NASDAQ:TTD) sold 75,000 shares of the firm on Apr 29 ’24 for a total worth of $6.34 million at a price of $84.47. An inside trade which took place on Apr 26 ’24, President and CEO of Trade Desk Inc Green Jeffrey Terry sold 75,000 shares of firm against total price of $6.38 million at the cost of $85.13 per share.

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