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Is The Trade Desk's Business Momentum Good Enough to Justify Its Current Stock Price?
The Motley Fool· 2024-02-21 14:41
It would be difficult to criticize The Trade Desk's (TTD -1.42%) recent business performance. Everything seems to be going right for the company. Revenue is growing at robust double-digit rates, customer retention remains extremely high, and the company has a debt-free balance sheet and plenty of excess cash flow.This financial success, of course, isn't too surprising for those following the company closely. The programmatic advertising specialist's product execution has been astounding in recent years. The ...
This Adtech Stock Has 53% Downside, According to 1 Wall Street Analyst
The Motley Fool· 2024-02-21 09:04
One analyst recently lifted his price target for adtech specialist The Trade Desk's (TTD -7.16%) stock. The raise was significant, however the move does not make this pundit a bull on the up-and-coming stock. In fact, he still believes it is firmly in sell territory.A bear before and after the latest company updateOn Feb. 12, three days before The Trade Desk published its fourth-quarter earnings report, Benchmark's Mark Zgutowicz reiterated his sell recommendation on the stock. At that point, he pegged it a ...
Did Investors Wait Too Long to Buy The Trade Desk Stock?
The Motley Fool· 2024-02-20 10:50
The Trade Desk (TTD 17.46%) stock surged higher following the release of its quarterly report for the fourth quarter of 2023. Amid those gains, it achieved a 52-week high before pulling back, taking it to a level last reached in the summer.Still, with a higher stock price, valuations have become elevated, and the share price has reached a point from which it pulled back months earlier. Does that mean investors missed the opportunity to buy this stock at a reasonable price? Let's take a closer look.The Trade ...
The Trade Desk Stock Soars on Sales Beat, Bullish Q4 Revenue Outlook
Investopedia· 2024-02-16 19:20
Key TakeawaysThe Trade Desk beat estimates for fourth-quarter revenue and current-quarter guidance, sending the company's stock nearly 20% higher.The company forecast revenue for the current quarter of at least $478 million.The company has around $700 million available for share buybacks.The Trade Desk (TTD) shares surged almost 20% Friday, after the advertising-technology firm posted strong fourth-quarter sales and guided toward current-quarter revenue that topped analysts' forecasts.The company said that ...
Why The Trade Desk's Stock Soared on Friday
The Motley Fool· 2024-02-16 18:29
Ad-campaign automation specialist The Trade Desk (TTD 18.70%) sent its share prices soaring on Friday with a fantastic earnings report. The stock jumped as much as 24.2% in the morning before settling down at a still-impressive 19% gain by 12:15 p.m. ET today. The intraday peak reached a fresh two-year high.The Trade Desk's quarter, by the numbersFourth-quarter revenue jumped 23% higher year over year to land at $606 million. Adjusted earnings rose by 9% to $0.41 per diluted share.Your average Wall Street a ...
Trade Desk Stock Hits 2-Year High on Upbeat Forecast
Schaeffers Research· 2024-02-16 15:50
Trade Desk Inc (NASDAQ:TTD) stock is soaring to two-year highs, up 15.1% at $87.14 at last glance, after the company's upbeat first-quarter revenue forecast and flood of analyst bull notes. No fewer than 14 analysts lifted their price targets, including Piper Sandler to $105 from $80, citing momentum related to TV ads and retail media segments. For the fourth quarter, the software name posted an earnings miss but better-than-expected revenue. Options traders are optimistic too, with 104,000 calls exchanged ...
The Trade Desk(TTD) - 2023 Q4 - Earnings Call Transcript
2024-02-16 02:05
The Trade Desk, Inc. (NASDAQ:TTD) Q4 2023 Earnings Conference Call February 15, 2024 5:00 PM ET Company Participants Chris Toth - Vice President of Investor Relations Jeffrey Green - Founder & Chief Executive Officer Laura Schenkein - Chief Financial Officer Conference Call Participants Shyam Patil - SIG Youssef Squali - Truist Securities Shweta Khajuria - Evercore ISI Vasily Karasyov - Cannonball Research Dan Salmon - New Street Research Matthew Cost - Morgan Stanley Matt Swanson - RBC Capital Markets Tim ...
The Trade Desk(TTD) - 2023 Q4 - Earnings Call Presentation
2024-02-15 22:21
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Trade Desk shares soar on revenue beat and strong guidance
CNBC· 2024-02-15 22:07
Shares of The Trade Desk jumped over 18% on Thursday after the advertising technology company issued strong first-quarter guidance and beat on revenue.Here's what analysts were expecting:Earnings per share: 41 cents, adjusted vs. 43 cents expected by LSEG, formerly known as RefinitivRevenue: $606 million vs. $582 million expected by LSEGFourth-quarter sales jumped 23% from $491 million a year ago. Net income rose 37% to $97 million, or 19 cents a share, from $71 million, or 14 cents, in the same quarter a y ...
Trade Desk's stock roars as earnings forecast crushes expectations
Market Watch· 2024-02-15 21:43
Trade Desk Inc. shares were soaring in Thursday’s extended session as the advertising-technology company easily cleared the bar with its forecast for the current quarter. The company models at least $478 million in revenue for the first quarter, along with about $130 million in adjusted earnings before interest, taxes, depreciation and amortization (Ebitda). Analysts were modeling $451 million in revenue as well as $113 million in adjusted Ebitda. Shares... Master your money. Subscribe to MarketWatch. ...