After Wells Fargo and Susquehanna gave Trade Desk (NASDAQ: TTD) a Buy rating last month, the company received another Buy, this time from Needham. Analyst Laura Martin assigned a Buy rating to Trade Desk today and set a price target of $1000.00. The company’s shares closed last Thursday at $846.50, close to its 52-week high of $972.80.
According to TipRanks.com, Martin is a top 100 analyst with an average return of 37.7% and a 69.8% success rate. Martin covers the Services sector, focusing on stocks such as Peloton Interactive, World Wrestling, and Walt Disney.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Trade Desk with a $916.43 average price target, representing a 9.7% upside. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $950.00 price target.
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Trade Desk’s market cap is currently $40.58B and has a P/E ratio of 288.20. The company has a Price to Book ratio of 47.63.
Based on the recent corporate insider activity of 98 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.