HSBC's analyst Mohammed Khallouf has revised his outlook on Trade Desk (TTD, Financial), reducing the price target from $99 to $75 while maintaining a Buy rating. The adjustment comes as part of a broader reassessment of social media and AdTech companies, reflecting the challenges posed by unfavorable macroeconomic conditions.
The firm has revised its revenue growth forecasts for these sectors, cutting expectations by 300 to 500 basis points for fiscal year 2025 and by 200 to 300 basis points for fiscal year 2026. These changes aim to more accurately depict the anticipated slowdown in global advertising demand in the short to medium term.
Investors and stakeholders are advised to consider these updated projections as they reflect a more cautious approach towards the evolving landscape in global ad markets. Trade Desk, a prominent player in the AdTech industry, continues to hold a Buy rating despite the reduced price target. This suggests confidence in the company's long-term potential, albeit amidst current economic challenges.
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 $92.54 with a high estimate of $150.00 and a low estimate of $39.00. The average target implies an upside of 90.18% from the current price of $48.66. More detailed estimate data can be found on the The Trade Desk Inc (TTD) Forecast page.
Based on the consensus recommendation from 39 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 $133.09, suggesting a upside of 173.51% from the current price of $48.66. 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.
