Trade Desk Inc Receives a Buy from Jefferies

By Carrie Williams

In a report issued on June 21, Brian Fitzgerald from Jefferies reiterated a Buy rating on Trade Desk Inc (NASDAQ: TTD), with a price target of $57. The company’s shares opened today at $52, close to its 52-week high of $57.57.

According to TipRanks.com, Fitzgerald is a top 25 analyst with an average return of 22.5% and a 78.9% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as Endurance International, Alliance Data Systems, and IAC/InterActiveCorp.

Currently, the analyst consensus on Trade Desk Inc is Strong Buy and the average price target is $54, representing a 3.8% upside.

In a report released yesterday, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $60 price target.

Based on Trade Desk Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $53.35 million and quarterly net profit of $4.91 million. In comparison, last year the company earned revenue of $30.38 million and had a GAAP net loss of $1.04 million.

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The Trade Desk, Inc. provides a technology platform for ad buyers. It offers agencies, aggregators and advertisers technology to manage and display, social, mobile and video advertising campaigns. The company was founded by Jeffrey Terry Green and David Pickles in November 2009 and is headquartered in Ventura, CA.,09MDTF-E