Today The Trade Desk, Inc. (TTD) Stock Reaches 52-Week High

May 21, 2018 - By Lynda A. Deweese

The stock of The Trade Desk, Inc. (NASDAQ:TTD) hit a new 52-week high and has $91.29 target or 8.00 % above today’s $84.53 share price. The 7 months bullish chart indicates low risk for the $3.56B company. The 1-year high was reported on May, 21 by Barchart.com. If the $91.29 price target is reached, the company will be worth $284.88M 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 1.28% or $1.1 during the last trading session, reaching $84.53. About 918,998 shares traded. The Trade Desk, Inc. (NASDAQ:TTD) has risen 40.35% since May 21, 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 EPS, down 43.18 % or $0.19 from last year’s $0.44 per share. TTD’s profit will be $10.53 million for 84.53 P/E if the $0.25 EPS becomes a reality. After $0.20 actual EPS 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 Seekingalpha.com with their article: “The Trade Desk – Wow, What A Quarter” published on May 13, 2018, Nasdaq.com published: “Market Trends Toward New Normal in The Trade Desk, Walker & Dunlop, Fairmount Santrol, OGE Energy, Acushnet …” on May 16, 2018. More interesting news about The Trade Desk, Inc. (NASDAQ:TTD) were released by: Fool.com and their article: “Why The Trade Desk, Noodles & Co., and Regeneron Pharmaceuticals Jumped Today” published on May 11, 2018 as well as Seekingalpha.com‘s news article titled: “The Trade Desk: Time To Lock In Gains” with publication date: May 20, 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 $3.56 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 73.5 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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