Trade Desk Inc. (TTD) is a strong buy according to a model with an overall accuracy of 0.65 when predicting an upward trend. Between 2020-12-22 and 2023-02-15, investing in TTD with an AI strategy could have potentially resulted in a 483.76% return, with an average trade of 43.98% and 46.0 days in the long position. 11.0 positions were taken over the period, and the analyst consensus price target is 61.97.
Company Overview
Trade Desk Inc (TTD) is a global technology company that provides cloud-based software solutions for digital advertising. The company enables advertisers and agencies to use real-time bidding (RTB) and programmatic advertising to purchase digital media from around the world. Trade Desk’s solutions are used by more than 7,000 customers in over 40 countries. Its software platform is designed to automate and optimize digital ad buying for marketers and agencies.
Markets
Trade Desk Inc is a publicly traded company listed on the NASDAQ Global Select Market under the symbol TTD. The company’s current market capitalization is $3.2 billion and its shares are traded in the US dollar currency. Trade Desk Inc’s industry sector is technology and its industry is Services-Computer Programming, Data Processing, etc.
Historic Company Performance
Trade Desk Inc has achieved strong growth in recent years, with revenues increasing from $48.4 million in 2016 to $148.3 million in its most recent fiscal year. The company’s net income has also grown significantly, from a loss of $6.4 million in 2016 to a net income of $3.4 million in its most recent fiscal year. Trade Desk Inc’s strong performance has been driven by an increase in demand for its services from advertisers and agencies.
Share Price Performance
Trade Desk Inc’s share price has seen a significant increase in recent years, rising from a 52-week low of $39 in August 2019 to its current price of $74.47 on August 31, 2023. The company’s share price has benefited from its strong growth in revenues and net income, as well as its increased visibility in the market. Trade Desk Inc’s share price has also been supported by its strong fundamentals, including its price-to-earnings ratio of 828.75, its price-to-sales ratio of 15.18, and its price-to-book ratio of 13.03.
| Date | Symbol | Prediction | Model Accuracy | Price Target | Analyst Target |
|---|---|---|---|---|---|
| 2023-08-31 | TTD | STRONGBUY | 0.65 | 74.47 | 61.97 |
| 2023-08-30 | TTD | WEAKBUY | 0.65 | 76.68 | 61.97 |
| 2023-08-28 | TTD | MEDIUMBUY | 0.65 | 75.37 | 61.97 |
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