Piper Sandler has initiated coverage of Trade Desk (TTD, Financial) by assigning a Neutral rating, setting its price target at $55. The analysis highlights Trade Desk's advantageous position in the connected TV market and appreciates the company's business model. However, Piper Sandler's assessment of industry advertising spending reveals an uncertain environment, prompting a cautious stance on the stock.
The firm's outlook suggests that the repercussions from Trade Desk's recent fourth-quarter performance might take one to two additional quarters for full recovery. Consequently, Piper Sandler is adopting a "wait and watch" approach toward the stock's progression during this period of adjustment.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 32 analysts, the average target price for The Trade Desk Inc (TTD, Financial) is $97.42 with a high estimate of $150.00 and a low estimate of $39.00. The average target implies an upside of 101.08% from the current price of $48.45. More detailed estimate data can be found on the The Trade Desk Inc (TTD) Forecast page.
Based on the consensus recommendation from 38 brokerage firms, The Trade Desk Inc's (TTD, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for The Trade Desk Inc (TTD, Financial) in one year is $133.48, suggesting a upside of 175.5% from the current price of $48.45. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the The Trade Desk Inc (TTD) Summary page.
