Needham Reiterates Buy Rating for Trade Desk with $84 Price Target

Trade Desk (TTD) rating reiterated as "Buy" by Needham with a price target of $84.00. The firm's self-service platform helps advertisers purchase digital ad inventory on devices like computers, smartphones, and connected TVs. Analysts forecast an average target price of $80.95, implying an upside of 49.27% from the current price of $54.23. The estimated GF Value for TTD in one year is $135.54, suggesting a potential upside of 149.94%.

July 2, 2025

Analysts at Needham & Company have reiterated their "Buy" rating for Trade Desk (TTD) stock with a price target of $84.00. This comes amidst a period of significant volatility for the company, which provides a self-service platform for advertisers to purchase digital ad inventory across various devices, including computers, smartphones, and connected TVs.

The latest rating from Needham follows a series of downgrades and adjustments to price targets from other major financial institutions. On August 8, 2025, Jefferies downgraded TTD from a "Buy" rating to a "Hold" rating, lowering the price target from $100.00 to $50.00 USD, a 50% decrease [1]. Similar adjustments were made by Citigroup, Scotiabank, RBC Capital, Wedbush, and Stifel, reflecting a cautious outlook from analysts regarding the stock's performance [1].

Despite these downgrades, analysts remain optimistic about Trade Desk's long-term prospects. The average target price for TTD, as forecasted by 33 analysts, stands at $80.95, implying an upside of 49.27% from the current price of $54.23 [1]. Additionally, the estimated GF Value for TTD in one year is $135.54, suggesting a potential upside of 149.94% [1]. The consensus recommendation from 40 brokerage firms indicates an "Outperform" status, further supporting the bullish sentiment [1].

Trade Desk's recent financial performance has been mixed. The company reported Q2 revenue of $694 million, beating FactSet's estimate of $685.5 million. However, the company's shares plummeted after CEO Jeff Green warned of potential tariff impacts on large brand advertisers [2]. The stock surged by 12.64% in after-hours trading following the Q1 2025 earnings announcement but subsequently plummeted by 28.91% in premarket trading on August 8, 2025, reaching $62.79 [2].

The appointment of Alex Kayyal as CFO, effective August 21, 2025, has been seen as a strategic move to strengthen the company's financial leadership. Kayyal brings extensive experience in the technology sector, having previously held executive roles at Salesforce and Lightspeed Venture Partners [2].

Overall, while the recent volatility and downgrades have created uncertainty, the long-term potential of Trade Desk remains strong. Investors should closely monitor the company's future earnings reports and any developments related to tariffs and competitive pressures.

References:
[1] https://www.gurufocus.com/news/3051981/jefferies-downgrades-trade-desk-ttd-with-a-lower-price-target-ttd-stock-news
[2] https://www.ainvest.com/news/trade-desk-appoints-alex-kayyal-cfo-revenue-27-2508/