Pivotal Research analyst Brian Wieser reiterated a Sell rating on Trade Desk Inc (NASDAQ: TTD) today and set a price target of $59. The company’s shares closed yesterday at $93.29, close to its 52-week high of $97.87.
According to TipRanks.com, Wieser is a 5-star analyst with an average return of 10.7% and a 74.4% success rate. Wieser covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Nielsen Holdings, and 21st Century Fox.
Currently, the analyst consensus on Trade Desk Inc is a Moderate Buy with an average price target of $100.36.
Trade Desk Inc’s market cap is currently $3.92B and has a P/E ratio of 75.23. The company has a Price to Book ratio of 14.93.
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The Trade Desk, Inc. provides a technology platform for ad buyers. It offers agencies, aggregators and advertisers technology to manage and display, social, mobile and video advertising campaigns. The company was founded by Jeffrey Terry Green and David Pickles in November 2009 and is headquartered in Ventura, CA.