$TTD Stock Update for 2020-09-08

Financial:

  • Market return: -15% Month, 16% Quarter, 78% Half year, 97% Year
  • EPClub ARR: 65%
  • Recommend: 2.5
  • PEG: 6.78
  • EPS next 5Y: 25%

 

Summary:

  • Hold
  • Very little critical analysis to find

 

Notes:

  • Stephens downgraded Trade Desk to Hold from Buy citing the stock’s high valuation. The advertising tech company on Aug. 6 posted 2Q earnings that beat analysts’ expectations. Shares rose 2.6% on Friday.
  • Stephens analyst Kyel Evans stated that the recent run-up in Trade Desk (TTD) stock in comparison to the valuation and mixed 2Q revenue performance led to the downgrade. The analyst maintained a price target of $470 (4.7% downside potential).
  • RBC Capital analyst Mark Mahaney raised Trade Desk’s price target to $510 (3.4% upside potential) from $300 but maintained a Hold rating. “Trade Desk saw a large deceleration in growth from Q4 levels but July trends suggested a strong recovery,” Mahaney wrote in a note to investors.

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