It’s Not A Fantasy To Think That Trade Desk Inc (TTD) Has Big Future Potential

Trade Desk Inc (NASDAQ:TTD) currently has a daily average trading volume of 3.11M but it saw 2173766 shares traded in last market. With a market cap of 57.75B USD, the company’s current market price of $117.17 came falling about -1.49 while comparing to the previous closing price of $118.94. In past 52 weeks, the stock remained buoying in the range of price level as high as $120.78 and as low as $60.23. In the recent trading on the day, stock has struck highest price mark of $115.86 while lowest mark touched by it was $119.35.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Truist which reiterated the stock as “Buy” in its note to investors issued on October 02, 2024, recommending a price target of between $108 and $120 for it. MoffettNathanson issued its recommendations for the stock as it initiated the price target for the stock is $100.

Over the week, TTD’s stock price is moving -0.65% down while it is 5.76% when we observe its performance for the past one month. Year-to-date it is 62.83% up and over the past year, the stock is showing an upside performance of 59.11%.

Currently, Trade Desk Inc’s total number of outstanding shares is 492.91M. Company’s return on investment (ROI) stands at 9.71% and return on equity (ROE) at 11.32%. It has a price to earnings ratio (P/E ratio) of 231.20 while having a 62.36 of forward P/E ratio. Stock’s beta reads 1.48. Stock has a price to book (P/B) ratio of 23.95 while price to sale or P/S ratio amounts to 26.56. Its return on asset (ROA) is 5.33% on average.