What Analysts Are Saying About Trade Desk Stock
Portfolio Pulse from Benzinga Insights
Trade Desk (NASDAQ:TTD) has received varied analyst ratings over the past three months, with a recent shift towards more bullish sentiments. The average 12-month price target is now $94.79, marking a 22.63% increase from the previous target. Analysts from firms like Needham, Benchmark, and RBC Capital have adjusted their ratings and price targets, reflecting optimism about Trade Desk's market position and financial performance. The company's strong financial indicators, such as a 23.45% revenue growth rate and high net margin of 16.07%, support the positive outlook.
March 21, 2024 | 12:01 pm
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POSITIVE IMPACT
Trade Desk has seen a positive shift in analyst ratings, with an updated average 12-month price target of $94.79. Financial performance indicators like revenue growth and net margin are strong, supporting a bullish outlook.
The increase in bullish ratings and the significant upward revision of the price target, coupled with Trade Desk's strong financial performance, suggest a positive short-term impact on the stock. Analysts' optimism, reflected in higher price targets and positive ratings, typically influences investor sentiment and can lead to stock price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100