TTD price prediction

The Trade Desk (TTD) stock is currently showing a bullish trend with a 45-day bullish trend and a 67% continuation probability. This indicates a positive short-term outlook for the stock.

1. Earnings Performance: TTD's earnings report for Q3 2024 showed adjusted earnings of 41 cents per share, higher than the expected 39 cents, and revenue of $628 million, slightly above expectations. This beat on earnings and revenue could contribute to positive sentiment and potential price appreciation.
2. Analyst Ratings and Price Targets: The consensus rating for TTD is a "Strong Buy" with an average price target of $120.62. This suggests that analysts believe the stock has room to grow from its current price.

3. Market Performance and Outlook: Despite the positive results, TTD's stock price fell due to concerns about budget constraints and macroeconomic uncertainty. However, the company's robust growth in Q3, driven by CTV advertising, and its value-add strategy in the ad tech industry could mitigate these concerns.
4. Financial Projections: Estimates for Q4 2024 project an EPS of $0.55 and revenue of $749.78 million, which could provide a benchmark for future performance and price movements.

In conclusion, TTD's stock is currently positioned favorably with a bullish trend, positive earnings performance, and optimistic analyst ratings. However, investors should monitor any potential impacts of macroeconomic uncertainties and budget constraints on the stock's performance.