Key Takeaways:
- The Trade Desk (TTD, Financial) shares have recently fallen by 50% but show promise for long-term growth.
- Analysts forecast a potential upside of up to 189.86% from the current price.
- The Trade Desk's financial health and growth prospects make it a stock worth watching.
The recent 50% decline in The Trade Desk (TTD) shares, triggered by its first earnings miss in over eight years amid a broader market selloff, has investors seeking clarity. While the downturn is notable, the company's potential for robust growth in 2024 and its strengthening financial position suggest that it remains a compelling long-term investment.
Wall Street Analysts' Price Predictions
According to the one-year price targets provided by 31 analysts, The Trade Desk Inc (TTD, Financial) has an average target price of $106.31. The highest estimate reaches $150.00, and the lowest comes in at $49.00. This average target indicates a potential upside of 129.90% from the current share price of $46.24. For more comprehensive data, investors can visit the The Trade Desk Inc (TTD) Forecast page.
Brokerage Recommendations
The consensus recommendation from 37 brokerage firms places The Trade Desk Inc's (TTD, Financial) average brokerage recommendation at 2.0, signifying an "Outperform" rating. The scale ranges from 1 (Strong Buy) to 5 (Sell), underscoring a generally positive outlook among analysts.
GuruFocus GF Value Estimation
GuruFocus's estimated GF Value for The Trade Desk Inc (TTD, Financial) in one year is $134.03. This suggests a potential upside of 189.86% from the current stock price of $46.24. The GF Value offers an estimate of the fair market value, calculated based on historical trading multiples, past business growth, and future business performance projections. For more in-depth analysis, visit the The Trade Desk Inc (TTD) Summary page.
Investors evaluating The Trade Desk Inc (TTD, Financial) should consider these insights to understand the company's potential for future growth amid current market fluctuations.
