The Trade Desk, Inc. (NASDAQ:TTD) is set to release its earnings results for the first quarter after the market closes on Thursday, May 8. Analysts anticipate that the Ventura, California-based company will report earnings of 25 cents per share, a slight decrease from 26 cents per share in the same period last year. Revenue projections stand at $575.28 million, up from $491.25 million in the previous year, according to Benzinga Pro data.
Shares of The Trade Desk increased by 1.5% to close at $56.46 on Wednesday. Several analysts have provided recent updates on their ratings for TTD stock. Rosenblatt analyst Barton Crockett initiated coverage with a Buy rating and a price target of $77 on April 29, 2025, maintaining an accuracy rate of 68%. Stifel analyst Mark Kelley kept a Buy rating but lowered the price target from $122 to $87 on April 23, 2025, with an accuracy rate of 84%. Needham analyst Laura Martin reiterated a Buy rating with a price target of $84 on April 22, 2025, also holding an accuracy rate of 68%. Morgan Stanley analyst Matthew Cost maintained an Overweight rating but significantly cut the price target from $132 to $60 on April 17, 2025, with an accuracy rate of 64%. Lastly, Truist Securities analyst Youssef Squali maintained a Buy rating and reduced the price target from $130 to $95 on the same date, having an accuracy rate of 79%.
Investors considering purchasing TTD stock should take into account these varied analyst perspectives.
— new from Benzinga