Nomura analyst Mark Kelley maintained a Hold rating on Trade Desk (TTD) on May 8 and set a price target of $208.00. The company’s shares closed last Friday at $315.50, close to its 52-week high of $327.35.
According to TipRanks.com, Kelley is a 5-star analyst with an average return of 13.0% and a 69.9% success rate. Kelley covers the Technology sector, focusing on stocks such as Spotify Technology SA, IAC/InterActiveCorp, and ANGI Homeservices.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Trade Desk with a $278.55 average price target, a -6.9% downside from current levels. In a report issued on May 8, SunTrust Robinson also downgraded the stock to Hold with a $250.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $327.35 and a one-year low of $136.00. Currently, Trade Desk has an average volume of 2.29M.
Based on the recent corporate insider activity of 103 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
The Trade Desk, Inc. is a technology company, which engages in the provision of technology platform for advertising buyers. It operates through United States and International geographical segments. The firm’s products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces. The company was founded by Jeffrey Terry Green and David Pickles in November 2009 and is headquartered in Ventura, CA.
Read More on TTD:
