Fintel reports that on December 18, 2023, HSBC initiated coverage of Trade Desk Inc - (NASDAQ:TTD) with a Buy recommendation.
Analyst Price Forecast Suggests 1.68% Upside
As of December 16, 2023, the average one-year price target for Trade Desk Inc - is 76.15. The forecasts range from a low of 30.30 to a high of $105.00. The average price target represents an increase of 1.68% from its latest reported closing price of 74.89.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Trade Desk Inc - is 1,916MM, an increase of 4.64%. The projected annual non-GAAP EPS is 1.11.
What is the Fund Sentiment?
There are 1539 funds or institutions reporting positions in Trade Desk Inc -. This is an increase of 129 owner(s) or 9.15% in the last quarter. Average portfolio weight of all funds dedicated to TTD is 0.49%, a decrease of 2.53%. Total shares owned by institutions decreased in the last three months by 0.86% to 394,677K shares. 
The put/call ratio of TTD is 0.85, indicating a bullish outlook.
What are Other Shareholders Doing?
Baillie Gifford holds 44,695K shares representing 9.12% ownership of the company. In it's prior filing, the firm reported owning 45,491K shares, representing a decrease of 1.78%. The firm decreased its portfolio allocation in TTD by 60.89% over the last quarter.
Jpmorgan Chase holds 20,459K shares representing 4.17% ownership of the company. In it's prior filing, the firm reported owning 19,393K shares, representing an increase of 5.21%. The firm increased its portfolio allocation in TTD by 8.41% over the last quarter.
T. Rowe Price Investment Management holds 14,774K shares representing 3.01% ownership of the company. In it's prior filing, the firm reported owning 14,804K shares, representing a decrease of 0.20%. The firm increased its portfolio allocation in TTD by 4.81% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 13,878K shares representing 2.83% ownership of the company. In it's prior filing, the firm reported owning 13,858K shares, representing an increase of 0.14%. The firm increased its portfolio allocation in TTD by 5.19% over the last quarter.
VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 9,746K shares representing 1.99% ownership of the company. In it's prior filing, the firm reported owning 10,310K shares, representing a decrease of 5.79%. The firm increased its portfolio allocation in TTD by 1.27% over the last quarter.
Trade Desk Background Information
(This description is provided by the company.)
The Trade Desk™ is a technology company that empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize digital advertising campaigns across ad formats and devices. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and enterprise APIs enable custom development on top of the platform. Headquartered in Ventura, CA, The Trade Desk has offices across North America, Europe, and Asia Pacific.
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This story originally appeared on Fintel.
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