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Why Are Trade Desk Shares Surging On Tuesday?
Benzinga· 2026-03-17 16:19
Core Insights - The Trade Desk Inc. (NASDAQ:TTD) shares are experiencing a rally, with the stock up 4.83% to $28.39, while the Nasdaq and S&P 500 indices also show gains [1][6]. Technical Analysis - TTD shares are trading 8.7% above the 20-day simple moving average (SMA) but remain 21.8% below the 100-day SMA. The Relative Strength Index (RSI) is at 47.59, indicating that the current bounce is not yet overheated. The MACD is at -0.5154 compared to a signal line of -0.9945 [1]. Short Interest - Short interest in The Trade Desk has decreased to 46.29 million shares, representing 10.57% of the company's float. With an average daily volume of 20.00 million shares, it would take short sellers approximately 2.31 days to cover their positions [2]. CEO Stake Increase - CEO Jeffrey Terry Green disclosed a significant increase in his personal stake, accumulating 6,398,089 Class A shares between March 2 and March 4, totaling approximately $148.1 million [3]. Partnership Talks - Market sentiment is bolstered by reports that OpenAI is in early discussions with The Trade Desk regarding the use of TTD's programmatic platform for ad sales [4]. Earnings Outlook - The next major catalyst for TTD stock is the estimated earnings report scheduled for May 7 [5]. Analyst Ratings and Estimates - The stock carries a Buy Rating with an average price forecast of $49.21. Recent analyst actions include: - Wedbush downgraded to Underperform with a target of $23 on March 6 - Piper Sandler rated Neutral, lowering the target to $28 on March 2 - Keybanc rated Overweight, lowering the target to $35 on March 2 - EPS estimate is 24 cents (down from 33 cents year-over-year), while revenue is estimated at $68 billion (up from $62 billion year-over-year). The P/E ratio stands at 30.1x, indicating a premium valuation relative to peers [6].