Can The Trade Desk Keep Going After Last Week's 10% Pop?
The Trade Desk (NASDAQ: TTD) is reshaping the ad market, and it's also doing a pretty good job of reshaping portfolios. The Trade Desk stock moved 10% higher last week after SunTrust analyst Youssef Squali upgraded the stock from hold to buy. Shares of the fast-growing player in programmatic advertising have now nearly doubled in 2017, but Squali's move is actually more of a reaction to recent weakness in The Trade Desk.
The stock took a hit last month after offering up disappointing guidance for the fourth quarter. With shares kicking off last week 33% below October's all-time highs, Squali's decision to stick with his earlier $58 price target warranted the shift from neutral to bullish at current levels. It's not the ideal way to earn a nod from a Wall Street pro, but investors will take it as The Trade Desk wraps up its first full year as a public company.
Image source: The Trade Desk.
Source: Fool.com
Trade Desk Inc Stock
With 51 Buy predictions and 2 Sell predictions Trade Desk Inc is one of the favorites of our community.
With a target price of 93 € there is a slightly positive potential of 11.94% for Trade Desk Inc compared to the current price of 83.08 €.
