Trade Desk
About: The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, and social) on devices like computers, smartphones, and connected TVs. It uses data in an iterative manner to optimize the performance of ad impressions purchased. The firm's platform is referred to as a demand-side platform in the digital ad industry, and it generates revenue from fees based on a percentage of what its clients spend on advertising.
Employees: 3,522
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
33% more funds holding in top 10
Funds holding in top 10: 9 [Q1] → 12 (+3) [Q2]
33% more capital invested
Capital invested by funds: $18.7B [Q1] → $24.8B (+$6.13B) [Q2]
30% more first-time investments, than exits
New positions opened: 168 | Existing positions closed: 129
17% more repeat investments, than reductions
Existing positions increased: 411 | Existing positions reduced: 351
2% more funds holding
Funds holding: 1,029 [Q1] → 1,052 (+23) [Q2]
1.38% more ownership
Funds ownership: 75.5% [Q1] → 76.88% (+1.38%) [Q2]
5% more call options, than puts
Call options by funds: $1.53B | Put options by funds: $1.46B
Research analyst outlook
18 Wall Street Analysts provided 1 year price targets over the past 3 months
18 analyst ratings
Morgan Stanley
Matthew Cost
|
$50
|
Equal-Weight
Downgraded
|
10 Sep 2025 |
Needham
Laura Martin
|
$84
|
Buy
Reiterated
|
8 Sep 2025 |
UBS
Chris Kuntarich
|
$80
|
Buy
Maintained
|
15 Aug 2025 |
Jefferies
James Heaney
|
$50
|
Hold
Downgraded
|
11 Aug 2025 |
Citigroup
Ygal Arounian
|
$65
|
Neutral
Downgraded
|
8 Aug 2025 |
Scotiabank
Nat Schindler
|
$60
|
Sector Perform
Maintained
|
8 Aug 2025 |
RBC Capital
Matthew Swanson
|
$90
|
Outperform
Maintained
|
8 Aug 2025 |
Wedbush
Scott Devitt
|
$68
|
Neutral
Downgraded
|
8 Aug 2025 |
Stifel
Mark Kelley
|
$90
|
Buy
Maintained
|
8 Aug 2025 |
BMO Capital
Brian Pitz
|
$98
|
Outperform
Maintained
|
8 Aug 2025 |
Piper Sandler
Matt Farrell
|
$64
|
Neutral
Maintained
|
8 Aug 2025 |
B of A Securities
Jessica Reif Ehrlich
|
$55
|
Neutral
Downgraded
|
8 Aug 2025 |
BTIG
Clark Lampen
|
$97
|
Buy
Maintained
|
4 Aug 2025 |
Oppenheimer
Jason Helfstein
|
$110
|
Outperform
Maintained
|
29 Jul 2025 |
Keybanc
Justin Patterson
|
$95
|
Overweight
Maintained
|
17 Jul 2025 |
Evercore ISI Group
Mark Mahaney
|
$90
|
Outperform
Upgraded
|
27 Jun 2025 |
Wells Fargo
Alec Brondolo
|
$68
|
Equal-Weight
Downgraded
|
26 Jun 2025 |
JMP Securities
Matthew Condon
|
$100
|
Market Outperform
Reiterated
|
24 Jun 2025 |
Financial journalist opinion
Based on 67 articles about TTD published over the past 30 days