Trade Desk Inc Gets a Buy Rating from SunTrust Robinson

By Carrie Williams

SunTrust Robinson analyst Youssef Squali reiterated a Buy rating on Trade Desk Inc (NASDAQ: TTD) today and set a price target of $60. The company’s shares closed yesterday at $48.96.

According to, Squali is a top 100 analyst with an average return of 19.9% and a 73.7% success rate. Squali covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, TripAdvisor Inc, and Alibaba Group.

Currently, the analyst consensus on Trade Desk Inc is Strong Buy and the average price target is $63.33, representing a 29.4% upside.

In a report issued on January 8, Susquehanna also reiterated a Buy rating on the stock with a $70 price target.

Trade Desk Inc’s market cap is currently $2.01B and has a P/E ratio of 48.48. The company has a book value ratio of 9.3308.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is neutral on the stock.

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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.