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Rosenblatt Securities Stick to Their Hold Rating for Trade Desk Inc

December 1, 2020
Mark Zgutowicz

Rosenblatt Securities analyst Mark Zgutowicz reiterated a Hold rating on Trade Desk (NASDAQ:TTD) Inc on Tuesday, setting a price target of $730, which is approximately 18.99% below the present share price of $901.07.

Zgutowicz expects Trade Desk Inc to post earnings per share (EPS) of $0.89 for the fourth quarter of 2020.

The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in Trade Desk, with an average price target of $773.8.
The analysts price targets range from a high of $1000 to a low of $500.

In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $216.11 million and a net profit of $42.78 million. The company's market cap is $42.32 billion.

According to TipRanks.com, Rosenblatt Securities analyst Mark Zgutowicz is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 55.2% and a 83.87% success rate.

The Trade Desk, Inc. is a technology company, which engages in the provision of technology platform for advertising buyers. It operates through United States and International geographical segments. The firm's products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces. The company was founded by Jeffrey Terry Green and David Pickles in November 2009 and is headquartered in Ventura, CA.

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