Key Highlights
Analysts have issued buy ratings for both The Trade Desk (NASDAQ: TTD) and Pure Storage (NYSE: PSTG), forecasting median target prices that suggest potential gains of 10% and 25% respectively. Currently, The Trade Desk’s share price is $82, with a target of $90, and Pure Storage is at $55, with a target of $70.
The S&P 500 index returned over 25% in the three months ending July 9, a historic performance coupled with an average post-one-year return of 21%. In its latest quarter, The Trade Desk reported a revenue increase of 25% to $616 million, while Pure Storage saw a 12% revenue growth to $778 million despite a decline in operating margin.
