Wedbush Has Positive Forecast for Trade Desk FY2026 Earnings

The Trade Desk, Inc. (NASDAQ:TTD) – Analysts at Wedbush lifted their FY2026 earnings estimates for shares of Trade Desk in a research report issued on Monday, January 6th. Wedbush analyst S. Devitt now expects that the technology company will post earnings of $2.05 per share for the year, up from their prior forecast of $2.00. Wedbush has a “Outperform” rating and a $145.00 price objective on the stock. The consensus estimate for Trade Desk’s current full-year earnings is $0.87 per share.

Several other brokerages have also issued reports on TTD. Scotiabank began coverage on Trade Desk in a research report on Thursday, December 5th. They set a “sector perform” rating and a $133.00 target price for the company. BTIG Research lifted their price objective on Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Moffett Nathanson started coverage on Trade Desk in a report on Monday, September 23rd. They issued a “neutral” rating and a $100.00 target price on the stock. Macquarie raised their price target on shares of Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $140.00 price objective (up from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and a consensus target price of $129.48.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $121.52 on Wednesday. Trade Desk has a 52 week low of $61.47 and a 52 week high of $141.53. The firm has a market cap of $59.98 billion, a PE ratio of 199.21, a price-to-earnings-growth ratio of 6.00 and a beta of 1.45. The firm’s fifty day moving average is $126.70 and its 200-day moving average is $111.70.

Insider Transactions at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the sale, the director now owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. 9.72% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Trade Desk

Several hedge funds have recently modified their holdings of TTD. Edgewood Management LLC grew its position in Trade Desk by 133.3% during the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock valued at $1,089,280,000 after buying an additional 5,675,571 shares during the period. Jennison Associates LLC grew its position in shares of Trade Desk by 11.0% during the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock valued at $2,228,172,000 after acquiring an additional 2,013,047 shares during the period. Baillie Gifford & Co. raised its holdings in shares of Trade Desk by 4.7% in the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock worth $4,245,218,000 after purchasing an additional 1,720,650 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Trade Desk by 10,856.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock worth $172,460,000 after purchasing an additional 1,558,465 shares during the period. Finally, Marshall Wace LLP lifted its stake in Trade Desk by 100.2% in the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock valued at $170,275,000 after purchasing an additional 872,555 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

About Trade Desk

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.