The Analyst Verdict: Trade Desk In The Eyes Of 11 Experts
Portfolio Pulse from Benzinga Insights
Trade Desk (NASDAQ:TTD) has been the subject of analysis by 11 analysts in the last three months, with a mix of bullish and somewhat bullish ratings. The average 12-month price target is now $82.29, down from $97.00. Analysts have adjusted their ratings and price targets in response to market dynamics and company performance, with several lowering their price targets. Trade Desk's financials show strong revenue growth but below-average net margin, ROE, and ROA. The company has a low debt-to-equity ratio, indicating conservative financial management.
January 09, 2024 | 4:00 pm
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Trade Desk has received a range of analyst ratings, with the average 12-month price target reduced to $82.29. The company shows strong revenue growth but faces challenges in profitability and asset utilization.
The mixed analyst ratings and the reduction in the average price target suggest uncertainty, which could lead to a neutral short-term impact on TTD's stock price. The strong revenue growth is positive, but concerns about profitability and asset utilization may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100