Big changes are happening at The Trade Desk, Inc. (NASDAQ:TTD), which makes the stock worth watching today. The company is among the top gainers of the stock market today, skyrocketing 2.38% or (5.65 points) to $243.16 from its previous close of $237.51. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 847229 contracts so far this session. TTD shares had a relatively better volume day versus average trading capacity of 1.6 million shares, but with a 37.77 million float and a -7.54% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for TTD stock indicates that the average analyst price target is $255.39 per share. This means the stock has a potential increase of 5.03% from where the TTD share price has been trading recently which is between $220.51 and $238.68.
During the recent trading session for The Trade Desk, Inc. (NASDAQ:TTD), the company witnessed their stock drop by $-20.61 over a week and surge $43.15 from the price 20 days ago. When compared to their established 52-week high of $289.51, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 09/08/19. The recent low of $102.35 stood for a -16.01% since 12/24/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for The Trade Desk, Inc., the two-week RSI stands at 57.09. This figure suggests that TTD stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current TTD readings is similarly very revealing as it has a stochastic reading of 35.46% at this stage. This figure means that TTD share price today is being neutral.
Technical chart claims that The Trade Desk, Inc. (TTD) would settle between $243.96/share to $250.4/share level. However, if the stock price goes below the $225.79 mark, then the market for The Trade Desk, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $214.06 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -13.03. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Pivotal Research Group lifted target price for shares of TTD but were stick to Buy recommendation for the stock in their opinion released on November 08. The price target has been raised from $300 to $250. Stephens, analysts launched coverage of The Trade Desk, Inc. (NASDAQ:TTD) stock with a Overweight recommendation, according to their flash note issued to investors on November 05. Analysts at RBC Capital Mkts released an upgrade from Sector Perform to Outperform for the stock, in a research note that dated back to October 11.
TTD equity has an average rating of 2.57, with the figure leaning towards a bullish end. 19 analysts who tracked the company were contacted by Reuters. Amongst them, 9 rated the stock as a hold while the remaining 10 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 10 analysts rated The Trade Desk, Inc. (NASDAQ:TTD) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
The Trade Desk, Inc. (TTD)’s current-quarter revenues are projected to climb by nearly 33% to hit $213370, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 38% from $477290 to a noteworthy $658620. At the other end of the current quarter income statement, The Trade Desk, Inc. is expected to see its adjusted earnings surge by roughly 7.3% to hit $1.17 per share. For the fiscal year, TTD’s earnings are projected to climb by roughly 23.7% to hit $3.34 per share.