Assessing Whether Trade Desk Inc (NASDAQ: TTD) Is Over- Or Undervalued

Trade Desk Inc (TTD) concluded trading on Thursday at a closing price of $128.15, with 2.94 million shares of worth about $377.37 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 36.75% during that period and on November 28, 2024 the price saw a loss of about -0.64%. Currently the company’s common shares owned by public are about 493.57M shares, out of which, 447.01M shares are available for trading.

Stock saw a price change of 3.43% in past 5 days and over the past one month there was a price change of 5.37%. Year-to-date (YTD), TTD shares are showing a performance of 78.09% which increased to 85.64% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $61.47 but also hit the highest price of $132.65 during that period. The average intraday trading volume for Trade Desk Inc shares is 3.18 million. The stock is currently trading 2.68% above its 20-day simple moving average (SMA20), while that difference is up 7.94% for SMA50 and it goes to 30.20% higher than SMA200.

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Trade Desk Inc (NASDAQ: TTD) currently have 493.57M outstanding shares and institutions hold larger chunk of about 71.38% of that.

The stock has a current market capitalization of $62.84B and its 3Y-monthly beta is at 1.43. PE ratio of stock for trailing 12 months is 208.14, while it has posted earnings per share of $0.62 in the same period. Its PEG reads 8.22 and has Quick Ratio of 1.85 while making debt-to-equity ratio of 0.11. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TTD, volatility over the week remained 3.12% while standing at 3.43% over the month.

Stock’s fiscal year EPS is expected to rise by 30.30% while it is estimated to increase by 17.79% in next year. EPS is likely to grow at an annualized rate of 25.33% for next 5-years, compared to annual growth of 13.20% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by New Street on November 25, 2024 offering a Neutral rating for the stock and assigned a target price range of between $85 and $115 to it. Coverage by Wells Fargo stated Trade Desk Inc (TTD) stock as an Overweight in their note to investors on October 29, 2024, suggesting a price target of $150 for the stock. On October 29, 2024, New Street Downgrade their recommendations, while on October 02, 2024, Truist Reiterated their ratings for the stock with a price target of $120. Stock get a Buy rating from Needham on October 01, 2024.

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