Truist has revised its target price for Trade Desk (TTD, Financial), bringing it down from $130 to $95, while maintaining a Buy rating on the stock. Despite this downgrade, the firm anticipates that the company's first-quarter financial results will align with prevailing market expectations, showcasing growth that surpasses industry averages.
Truist, however, expressed concerns regarding the potential negative impact of tariffs on key sectors for Trade Desk, such as the automotive and retail industries. This tariff imposition, coupled with a weakening in consumer sentiment, has prompted the firm to lower its second-quarter adjusted EBITDA projection significantly, from $273 million to $239 million.
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 100.99% from the current price of $48.47. 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 175.39% from the current price of $48.4703. 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.
