Trade Desk (TTD) Receives a Rating Update from a Top Analyst

Stifel Nicolaus analyst Mark Kelley maintained a Buy rating on Trade Desk (TTD – Research Report) on May 10 and set a price target of $105.00. The company’s shares closed last Friday at $87.26.

Kelley covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Perion Network. According to TipRanks, Kelley has an average return of 34.0% and a 73.37% success rate on recommended stocks.

In addition to Stifel Nicolaus, Trade Desk also received a Buy from D.A. Davidson’s Tom White in a report issued on May 10. However, on May 9, Seaport Global maintained a Hold rating on Trade Desk (NASDAQ: TTD).

The company has a one-year high of $94.00 and a one-year low of $60.23. Currently, Trade Desk has an average volume of 4.33M.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TTD in relation to earlier this year. Most recently, in March 2024, Kathryn Falberg, a Director at TTD sold 103,030.00 shares for a total of $8,438,200.70.

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Trade Desk (TTD) Company Description:

California-based The Trade Desk, Inc. is a technology company which provides a technology platform for advertising buyers in the United States, Europe and Asia. Through its cloud-based platform, ad buyers can create, manage, and optimize more expressive data-driven digital advertising campaigns across ad formats, including display, video, audio, native and social, on a multitude of devices, including computers, mobile devices, and connected TV.