In the last trading session, 3.23 million shares of the Trade Desk Inc (NASDAQ:TTD) were traded, and its beta was 1.51. Most recently the company’s share price was $81.07, and it changed around $3.23 or 4.15% from the last close, which brings the market valuation of the company to $39.64B. TTD currently trades at a discount to its 52-week high of $94.00, offering almost -15.95% off that amount. The share price’s 52-week low was $59.36, which indicates that the current value has risen by an impressive 26.78% since then. We note from Trade Desk Inc’s average daily trading volume that its 3-month average coming to 4.39 million.
Trade Desk Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.74. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended TTD as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Trade Desk Inc is expected to report earnings per share of $0.21 for the current quarter.
Trade Desk Inc (NASDAQ:TTD) trade information
Instantly TTD has showed a green trend with a performance of 4.15% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 12.66% year-to-date, but still down -1.29% over the last five days. On the other hand, Trade Desk Inc (NASDAQ:TTD) is -4.69% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $84.23, which translates to bulls needing to increase their stock price by 3.75% from its current value. Analyst projections state that TTD is forecast to be at a low of $60 and a high of $110.
Trade Desk Inc (TTD) estimates and forecasts
Trade Desk Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 9.47 percent over the past six months and at a 18.25% annual growth rate that is well above the industry average of 15.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -8.70% in revenue this quarter, and will report an increase of 17.90% in the next quarter. The year-over-year growth rate is expected to be 22.70%, up from the previous year.
Consensus estimates provided by 25 financial analysts predict the company will bring in an average of $479.93 million in revenue for the current quarter. 25 analysts expect Trade Desk Inc to make $565.76 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $382.8 million and $464.25 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 25.40%. Forecasts for the next quarter put sales growth at 21.90%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 13.20%. Trade Desk Inc earnings are expected to increase by 17.25% in 2024, but the outlook is positive 24.00% per year for the next five years.
TTD Dividends
Trade Desk Inc’s next quarterly earnings report is expected to be released in May.
