
Trade Desk (TTD) Stock Forecast & Price Target
Trade Desk (TTD) Analyst Ratings
Bulls say
The Trade Desk has demonstrated significant growth in its market share within the programmatic ad spend sector, increasing from 7.3% in 2023 to 8.8% in 2024, reflecting a robust upward trend. With clients' spending on connected TV (CTV) platforms such as Prime Video increasing dramatically and the overall share of CTV remaining stable, there is substantial potential for further expansion in this area. The firm’s strategic initiatives, including partnerships for direct connections to publishers, suggest a promising long-term outlook as TTD aims to enhance its total addressable market (TAM) and capture a larger percentage of overall marketing spending.
Bears say
The Trade Desk is projected to experience growth compression in 2025, with expected revenue growth ex-political factors at 19.0%, approximately 250 basis points below consensus estimates. The company's premium growth has significantly declined, decreasing from 4.0x in 2022 to an anticipated 1.6x in 2024, indicating a weakening trajectory with the implied multiple for 2025 pointing further downward. Additionally, a deceleration in programmatic spending, coupled with broader concerns about consumer behavior and economic conditions, suggests heightened risks that could adversely impact Trade Desk's revenue outlook and market position.
This aggregate rating is based on analysts' research of Trade Desk and is not a guaranteed prediction by Public.com or investment advice.
Trade Desk (TTD) Analyst Forecast & Price Prediction
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