Last Updated: 18 Sep 2024
Executive Summary
Trade Desk Inc. (TTD) is a leading technology company providing a programmatic advertising platform. The company's strong financial performance, driven by robust revenue growth and profitability, has attracted significant analyst attention. With a market capitalization of $51.79 billion, TTD is a major player in the advertising technology sector.
Company Overview
Trade Desk is headquartered in Ventura, California, and operates globally. The company's platform enables advertisers to buy and manage digital advertising campaigns across various channels, including display, video, mobile, and social media. Trade Desk's technology leverages data and machine learning to optimize ad performance and deliver targeted campaigns.
Fundamental Analysis
TTD's financial performance has been impressive in recent years. Revenue has grown consistently, reaching $2.17 billion in the trailing twelve months (TTM). The company's profitability has also improved, with an EBITDA margin of 16.2% and a net profit margin of 11.7%.
The company's strong financial position is reflected in its high return on assets (4.02%) and return on equity (11.3%). TTD has a low debt-to-equity ratio, indicating a healthy financial structure.
Technical Analysis
TTD's stock price has been trending higher in recent months, breaking above its 50-day and 200-day moving averages. The stock is currently trading at $105.84, close to its 52-week high of $107.64.
Technical indicators suggest that the stock is in a bullish trend, with strong support at the 50-day moving average. Momentum indicators, such as the relative strength index (RSI), are also indicating positive momentum.
Short Term Outlook
In the short term, TTD's stock is expected to continue its upward trend. The company's strong financial performance and positive analyst sentiment are likely to drive further gains. Resistance levels can be expected at $110.59, the average analyst target price.
Long Term Outlook
The long-term outlook for TTD is also positive. The company operates in a high-growth industry, and its innovative technology and strong customer base position it well for continued success. The company's expansion into new markets and the development of new products are likely to support long-term growth.
Analyst Recommendations
Analysts are bullish on TTD. Out of 33 analysts covering the stock, 11 have a "Strong Buy" rating, 16 have a "Buy" rating, 4 have a "Hold" rating, and 2 have a "Sell" rating. The average analyst target price is $110.59, indicating a potential upside of 4.5% from the current price.
