Why The Trade Desk Shares Continue To Move Higher Today

The Trade Desk Inc TTD is trading higher Tuesday after several analyst firms maintained bullish ratings on the stock and raised their price targets, respectively, following the company's third-quarter financial results.

The Trade Desk reported quarterly earnings of 18 cents per share, which beat the estimate of 15 cents per share. The company reported quarterly revenue of $301.1 million, which beat the estimate of $283.52 million.

The Trade Desk expects fourth-quarter revenue to be at least $388 million versus the estimate of $386.73 million.

  • Keybanc analyst Justin Patterson maintained The Trade Desk with an Overweight rating and raised the price target from $90 to $100.
  • DA Davidson analyst Tom White maintained The Trade Desk with a Buy rating and raised the price target from $95 to $105.
  • Wells Fargo analyst Brian Fitzgerald maintained The Trade Desk with an Overweight rating and raised the price target from $115 to $120.
  • Oppenheimer analyst Jason Helfstein maintained The Trade Desk with an Outperform rating and raised the price target from $95 to $100.
  • Stephens & Co. analyst Nicholas Zangler maintained The Trade Desk with an Overweight rating and raised the price target from $92 to $100.
  • RBC Capital analyst Matthew Hedberg maintained The Trade Desk with an Outperform rating and raised the price target from $98 to $105.

The Trade Desk is engaged in providing a technology platform for ad buyers.

From Yesterday: Why The Trade Desk Shares Are Surging Today

TTD Price Action: The Trade Desk is making new 52-week highs in Tuesday's trading session.

The stock was up 10.20% at $97.79 at time of publication.

date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: NewsPrice TargetAnalyst Ratingswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...