Trade Desk (TTD) Receives a Buy from UBS

UBS analyst Chris Kuntarich maintained a Buy rating on Trade Desk on October 8 and set a price target of $80.00. The company’s shares closed yesterday at $54.09.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

According to TipRanks, Kuntarich is a 5-star analyst with an average return of 35.4% and a 69.39% success rate. Kuntarich covers the Technology sector, focusing on stocks such as Unity Software, Duolingo, and GoDaddy.

In addition to UBS, Trade Desk also received a Buy from Needham’s Laura Martin in a report issued on October 6. However, on the same day, Wells Fargo maintained a Hold rating on Trade Desk (NASDAQ: TTD).

Based on Trade Desk’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $694.04 million and a net profit of $90.13 million. In comparison, last year the company earned a revenue of $584.55 million and had a net profit of $85.03 million

Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TTD in relation to earlier this year. Last month, Andrea Lee Cunningham, a Director at TTD sold 1,403.00 shares for a total of $67,624.60.