Trade Desk
About: The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, and social) on different devices like computers, smartphones, and connected TVs. It utilizes data to optimize the performance of ad impressions purchased. The firm's platform is referred to as a demand-side platform in the digital ad industry. The firm generates its revenue from fees based on a percentage of what its clients spend on advertising.
Employees: 3,115
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
63% more first-time investments, than exits
New positions opened: 134 | Existing positions closed: 82
7% more capital invested
Capital invested by funds: $37.1B [Q2] → $39.5B (+$2.43B) [Q3]
5% more funds holding in top 10
Funds holding in top 10: 22 [Q2] → 23 (+1) [Q3]
3% more funds holding
Funds holding: 998 [Q2] → 1,032 (+34) [Q3]
9% more repeat investments, than reductions
Existing positions increased: 389 | Existing positions reduced: 358
8% less call options, than puts
Call options by funds: $960M | Put options by funds: $1.04B
4.95% less ownership
Funds ownership: 85.37% [Q2] → 80.42% (-4.95%) [Q3]
Research analyst outlook
21 Wall Street Analysts provided 1 year price targets over the past 3 months
21 analyst ratings
Morgan Stanley Matthew Cost 100% 1-year accuracy 6 / 6 met price target | 24%upside $145 | Overweight Maintained | 13 Jan 2025 |
Wells Fargo Alec Brondolo 43% 1-year accuracy 3 / 7 met price target | 22%upside $142 | Overweight Maintained | 13 Jan 2025 |
Keybanc Aleksey Yefremov 33% 1-year accuracy 37 / 111 met price target | 20%upside $140 | Overweight Maintained | 10 Jan 2025 |
Wedbush Scott Devitt 75% 1-year accuracy 43 / 57 met price target | 24%upside $145 | Outperform Maintained | 6 Jan 2025 |
RBC Capital Matthew Swanson 37% 1-year accuracy 14 / 38 met price target | 20%upside $140 | Outperform Maintained | 3 Jan 2025 |
Financial journalist opinion
Based on 17 articles about TTD published over the past 30 days