The Trade Desk Inc. [TTD] stock Reiterated by Wells Fargo analyst, price target now $120

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The Trade Desk Inc. [NASDAQ: TTD] closed the trading session at $100.33 on 11/12/21. The day’s price range saw the stock hit a low of $93.60, while the highest price level was $100.59. The company report on November 10, 2021 that New Survey Finds Number of Marketers Planning to Use Sales Data Will Triple in the Next Year.

Broader Availability of Shopper Data will See 76 Percent of Marketers Close the Loop Between Campaign and Consumer Action.

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New consumer shopping habits have marketers turning to sales data to better connect consumer behavior to sales, according to a new study by The Trade Desk (NASDAQ: TTD). The research shows the number of marketers who intend to use sales data very frequently, versus those who currently use it, is expected to nearly triple in the next 12 months. The research also shows that 76 percent of marketers plan to use point-of-sale data frequently in the next 12 months as they look to connect advertising activity to consumer purchases, whether it happens online or in the store.

The stocks have a year to date performance of 25.26 percent and weekly performance of 46.36 percent. The stock has been moved at 97.64 percent over the last six months. The stock has performed 30.15 percent around the most recent 30 days and changed 27.06 percent over the most recent 3-months.

If compared to the average trading volume of 4.13M shares, TTD reached to a volume of 12258935 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about The Trade Desk Inc. [TTD]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TTD shares is $92.58 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TTD stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for The Trade Desk Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 09, 2021. While these analysts kept the previous recommendation, Truist dropped their target price from $92 to $100. The new note on the price target was released on November 09, 2021, representing the official price target for The Trade Desk Inc. stock. Previously, the target price had yet another raise from $105 to $115, while Susquehanna kept a Positive rating on TTD stock. On November 09, 2021, analysts increased their price target for TTD shares from 92 to 100.

The Average True Range (ATR) for The Trade Desk Inc. is set at 5.52, with the Price to Sales ratio for TTD stock in the period of the last 12 months amounting to 39.26. The Price to Book ratio for the last quarter was 36.89, with the Price to Cash per share for the same quarter was set at 1.82. Price to Free Cash Flow for TTD in the course of the last twelve months was 136.48 with Quick ratio for the last quarter at 1.80.

TTD stock trade performance evaluation

The Trade Desk Inc. [TTD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 46.36. With this latest performance, TTD shares gained by 30.15% in over the last four-week period, additionally plugging by 97.64% over the last 6 months – not to mention a rise of 35.58% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TTD stock in for the last two-week period is set at 67.30, with the RSI for the last a single of trading hit 70.09, and the three-weeks RSI is set at 64.97 for The Trade Desk Inc. [TTD]. The present Moving Average for the last 50 days of trading for this stock 75.61, while it was recorded at 93.28 for the last single week of trading, and 72.98 for the last 200 days.

The Trade Desk Inc. [TTD]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Trade Desk Inc. [TTD] shares currently have an operating margin of +17.25 and a Gross Margin at +78.61. The Trade Desk Inc.’s Net Margin is presently recorded at +28.98.

Return on Total Capital for TTD is now 13.68, given the latest momentum, and Return on Invested Capital for the company is 23.58. Return on Equity for this stock inclined to 29.81, with Return on Assets sitting at 10.81. When it comes to the capital structure of this company, The Trade Desk Inc. [TTD] has a Total Debt to Total Equity ratio set at 28.86. Additionally, TTD Total Debt to Total Capital is recorded at 22.40, with Total Debt to Total Assets ending up at 10.62. Long-Term Debt to Equity for the company is recorded at 25.13, with the Long-Term Debt to Total Capital now at 19.50.

Reflecting on the efficiency of the workforce at the company, The Trade Desk Inc. [TTD] managed to generate an average of $156,839 per employee. Receivables Turnover for the company is 0.61 with a Total Asset Turnover recorded at a value of 0.37.The Trade Desk Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 1.80.

Earnings per share (EPS) analysis for The Trade Desk Inc. [TTD] stock

With the latest financial reports released by the company, The Trade Desk Inc. posted 0.13/share EPS, while the average EPS was predicted by analysts to be reported at 0.04/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 225.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TTD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Trade Desk Inc. go to 32.00%.

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The Trade Desk Inc. [TTD]: Insider Ownership positions

There are presently around $28,546 million, or 66.80% of TTD stock, in the hands of institutional investors. The top three institutional holders of TTD stocks are: BAILLIE GIFFORD & CO with ownership of 52,083,406, which is approximately -0.859% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 39,513,095 shares of the stock with an approximate value of $3.96 billion in TTD stocks shares; and BLACKROCK INC., currently with $2.25 billion in TTD stock with ownership of nearly -2.167% of the company’s market capitalization.

Positions in The Trade Desk Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 386 institutional holders increased their position in The Trade Desk Inc. [NASDAQ:TTD] by around 21,358,581 shares. Additionally, 323 investors decreased positions by around 24,503,594 shares, while 127 investors held positions by with 238,656,465 shares. The mentioned changes placed institutional holdings at 284,518,640 shares, according to the latest SEC report filing. TTD stock had 103 new institutional investments in for a total of 2,265,230 shares, while 96 institutional investors sold positions of 5,102,066 shares during the same period.