Could The Trade Desk, Inc. (TTD) Lose its Strength? The Stock Reaches 52-Week High

May 17, 2018 - By Jimmy Baldridge

The stock of The Trade Desk, Inc. (NASDAQ:TTD) hit a new 52-week high and has $84.46 target or 5.00 % above today’s $80.44 share price. The 9 months bullish chart indicates low risk for the $3.39B company. The 1-year high was reported on May, 17 by Barchart.com. If the $84.46 price target is reached, the company will be worth $169.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.38% or $0.31 during the last trading session, reaching $80.44. About 1.73M shares traded or 35.52% up from the average. The Trade Desk, Inc. (NASDAQ:TTD) has risen 40.35% since May 17, 2017 and is uptrending. It has outperformed by 28.80% the S&P500.

Analysts await The Trade Desk, Inc. (NASDAQ:TTD) to report earnings on August, 9. They expect $0.25 earnings per share, down 43.18 % or $0.19 from last year’s $0.44 per share. TTD’s profit will be $10.53 million for 80.44 P/E if the $0.25 EPS becomes a reality. After $0.20 actual earnings per share reported by The Trade Desk, Inc. for the previous quarter, Wall Street now forecasts 25.00 % EPS growth.

More notable recent The Trade Desk, Inc. (NASDAQ:TTD) news were published by: Streetinsider.com which released: “Pre-Open Movers 05/11: (TTD) (IMMR) (AKCA) Higher; (SYMC) (CYTR) (RDFN) Lower (more…)” on May 11, 2018, also Nasdaq.com with their article: “Market Trends Toward New Normal in The Trade Desk, Walker & Dunlop, Fairmount Santrol, OGE Energy, Acushnet …” published on May 16, 2018, Seekingalpha.com published: “The Trade Desk – Wow, What A Quarter” on May 13, 2018. More interesting news about The Trade Desk, Inc. (NASDAQ:TTD) were released by: 247Wallst.com and their article: “Why Trade Desk Is Friday’s Biggest Earnings Winner” published on May 11, 2018 as well as Nasdaq.com‘s news article titled: “Why The Trade Desk, Noodles & Co., and Regeneron Pharmaceuticals Jumped Today” with publication date: May 11, 2018.

The Trade Desk, Inc., a technology company, operates a self-service cloud platform that enables advertising buyers to create, manage, and optimize data-driven digital advertising campaigns using their own teams in the United States and internationally. The company has market cap of $3.39 billion. The Company’s platform allows clients to manage integrated advertising campaigns across various advertising formats, including display, video, audio, native, and social, as well as on various devices, such as computers, mobile devices, and connected television. It has a 69.95 P/E ratio. The firm serves advertising agencies and other service providers for advertisers.

The Trade Desk, Inc. (NASDAQ:TTD) Ratings Chart

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