Fintel reports that on July 28, 2023, BTIG upgraded their outlook for Trade Desk Inc - (NASDAQ:TTD) from Neutral to Buy .
Analyst Price Forecast Suggests 12.42% Downside
As of July 6, 2023, the average one-year price target for Trade Desk Inc - is 74.78. The forecasts range from a low of 28.28 to a high of $94.50. The average price target represents a decrease of 12.42% from its latest reported closing price of 85.38.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Trade Desk Inc - is 1,916MM, an increase of 16.45%. The projected annual non-GAAP EPS is 1.11.
What is the Fund Sentiment?
There are 1360 funds or institutions reporting positions in Trade Desk Inc -. This is an increase of 27 owner(s) or 2.03% in the last quarter. Average portfolio weight of all funds dedicated to TTD is 0.47%, an increase of 7.88%. Total shares owned by institutions increased in the last three months by 1.71% to 400,114K shares. 
The put/call ratio of TTD is 0.86, indicating a bullish outlook.
What are Other Shareholders Doing?
Baillie Gifford holds 45,831K shares representing 9.38% ownership of the company. In it's prior filing, the firm reported owning 47,175K shares, representing a decrease of 2.93%. The firm increased its portfolio allocation in TTD by 14.28% over the last quarter.
Jpmorgan Chase holds 19,594K shares representing 4.01% ownership of the company. In it's prior filing, the firm reported owning 12,122K shares, representing an increase of 38.13%. The firm increased its portfolio allocation in TTD by 102.94% over the last quarter.
T. Rowe Price Investment Management holds 14,467K shares representing 2.96% ownership of the company. In it's prior filing, the firm reported owning 13,368K shares, representing an increase of 7.60%. The firm increased its portfolio allocation in TTD by 37.39% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 13,818K shares representing 2.83% ownership of the company. In it's prior filing, the firm reported owning 13,533K shares, representing an increase of 2.06%. The firm increased its portfolio allocation in TTD by 28.10% over the last quarter.
Price T Rowe Associates holds 13,084K shares representing 2.68% ownership of the company. In it's prior filing, the firm reported owning 14,447K shares, representing a decrease of 10.42%. The firm increased its portfolio allocation in TTD by 14.51% over the last quarter.
Trade Desk Background Information
(This description is provided by the company.)
The Trade Desk™ is a technology company that empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize digital advertising campaigns across ad formats and devices. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and enterprise APIs enable custom development on top of the platform. Headquartered in Ventura, CA, The Trade Desk has offices across North America, Europe, and Asia Pacific.
Additional reading:
- The Trade Desk Reports First Quarter 2023 Financial Results; Announces Plans for Chief Financial Officer Transition
- The Trade Desk Reports Fourth Quarter and Fiscal Year 2022 Financial Results; Announces $700 Million Share Repurchase Program
- Amendment No. 2 to Loan and Security Agreement, dated as of February 9, 2023, among The Trade Desk, Inc., the lenders and credit issuers
- List of Subsidiaries of the Registrant.
- Description of Securities.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
