The Trade Desk Inc Hits Analyst Target: What’s Next for Investors?
Recently, shares of The Trade Desk Inc (Symbol: TTD) surpassed the average 12-month analyst target price of $128.64, trading at $129.70 per share. When a stock meets an analyst’s target, they typically have two main options: either downgrade their assessment or raise their price target. The decision often hinges on the company’s recent performance and developments, which may justify a new valuation.
Within Zacks’ coverage universe, there are 28 analysts contributing to the average target for The Trade Desk Inc. However, this average is simply a number that aggregates various opinions; some analysts have set lower targets, with one placing it at $57.00, while another’s target reaches as high as $150.00. The standard deviation among these targets stands at $21.017, indicating the range of perspectives.
Investors should consider the average price target of $128.64 as part of a broader analysis. This average encapsulates the collective insight of many analysts and provides a helpful standpoint for evaluating whether the stock has further growth potential or if it is time to consider reducing exposure. Below is a table summarizing the current ratings from analysts covering The Trade Desk Inc:
| Recent TTD Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 23 | 22 | 22 | 21 |
| Buy ratings: | 2 | 2 | 2 | 2 |
| Hold ratings: | 5 | 5 | 5 | 3 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 1.52 | 1.53 | 1.53 | 1.44 |
The average rating illustrated in the last row of the table is rated from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. This data was sourced from Zacks Investment Research via Quandl.com. For updated insights, refer to the latest Zacks research report on TTD — available for free.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
