Benchmark Has Lowered Expectations for Trade Desk (NASDAQ:TTD) Stock Price

Trade Desk (NASDAQ:TTD) had its price objective lowered by equities researchers at Benchmark from $40.00 to $30.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Benchmark’s price objective would indicate a potential upside of 30.42% from the company’s current price.

A number of other analysts have also issued reports on TTD. DA Davidson set a $32.00 price target on shares of Trade Desk in a research report on Thursday, March 5th. Oppenheimer lowered shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday. Citigroup reaffirmed a “neutral” rating on shares of Trade Desk in a research report on Friday. BMO Capital Markets cut their price objective on shares of Trade Desk from $98.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Finally, Cannonball Research raised shares of Trade Desk to a “strong-buy” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-two have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $37.91.

Trade Desk Stock Performance

Shares of NASDAQ TTD traded down $0.49 during mid-day trading on Friday, reaching $23.00. The company had a trading volume of 35,438,690 shares, compared to its average volume of 18,315,861. The stock has a fifty day moving average of $23.73 and a two-hundred day moving average of $32.86. The company has a market capitalization of $10.95 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 0.96 and a beta of 1.10. Trade Desk has a 12-month low of $19.74 and a 12-month high of $91.45.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). The company had revenue of $688.86 million during the quarter, compared to analysts’ expectations of $678.87 million. Trade Desk had a return on equity of 16.89% and a net margin of 15.31%.Trade Desk’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share. Sell-side analysts forecast that Trade Desk will post 1.27 earnings per share for the current fiscal year.

Trade Desk declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 25th that allows the company to buyback $350.00 million in outstanding shares. This buyback authorization allows the technology company to buy up to 2.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director Kathryn E. Falberg sold 102,828 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $30.45, for a total transaction of $3,131,112.60. Following the transaction, the director owned 1,946 shares of the company’s stock, valued at approximately $59,255.70. This trade represents a 98.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.41% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTD. Oslo Pensjonsforsikring AS bought a new position in shares of Trade Desk in the first quarter valued at approximately $79,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Trade Desk in the first quarter valued at approximately $86,000. Ironwood Investment Counsel LLC raised its position in shares of Trade Desk by 63.7% in the first quarter. Ironwood Investment Counsel LLC now owns 92,713 shares of the technology company’s stock valued at $2,104,000 after purchasing an additional 36,088 shares during the period. SEB Asset Management AB bought a new position in shares of Trade Desk in the first quarter valued at approximately $2,007,000. Finally, Swiss National Bank raised its position in shares of Trade Desk by 5.8% in the first quarter. Swiss National Bank now owns 1,292,200 shares of the technology company’s stock valued at $29,320,000 after purchasing an additional 71,200 shares during the period. Institutional investors own 67.77% of the company’s stock.

Trending Headlines about Trade Desk

Here are the key news stories impacting Trade Desk this week:

• Positive Sentiment: Q1 revenue beat forecasts, showing The Trade Desk is still growing its ad-tech business despite tougher conditions. The Trade Desk Reports First Quarter 2026 Financial Results
• Positive Sentiment: Management said it expects at least $750 million in Q2 revenue and is targeting a full-year 2026 adjusted EBITDA margin of at least 40%, which suggests the company still sees meaningful profitability. Trade Desk expects Q2 revenue at least $750M while targeting full-year 2026 adjusted EBITDA margin at least 40%
• Neutral Sentiment: Guggenheim and Needham both cut price targets but kept Buy ratings, while Rosenblatt moved to Neutral, indicating Wall Street is divided rather than uniformly bearish. Price target updates from Guggenheim, Needham and Rosenblatt
• Negative Sentiment: The EPS miss and softer-than-expected guidance are the main reasons the stock is falling, as investors fear ad spending growth is decelerating. Trade Desk tumbles on earnings miss and weak guidance
• Negative Sentiment: Three firms, including KeyBanc, Oppenheimer, and William Blair, downgraded the stock after the report, and commentary from Jim Cramer and others highlighted worries about competitive and agency-related headwinds. Trade Desk stock: Cramer reveals a major red flag beyond Q1 earnings

Trade Desk Company Profile

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real?time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad?tech provider.