RBC Capital Starts The Trade Desk (TTD) at Outperform

October 17, 2016 6:40 AM EDT
Get Alerts TTD Hot Sheet
Price: $29.35 --0%

Rating Summary:
    6 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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RBC Capital initiates coverage on The Trade Desk (NASDAQ: TTD) with a Outperform rating and a price target of $33.00.

Analyst Mark Mahaney commented, "TTD is a technology solution that enables agencies and other ad buyers to purchase Online advertising through its self-service platform, using data to drive the best possible advertising decisions. From a financial perspective, two of the distinguishing characteristics of TTD are that it has: 1) generated consistently robust revenue growth for several years (a 300% CAGR between 2011-2015) and 2) has generated consistent profitability on a GAAP basis. This positive outcome is largely a result of the company’s self-serve platform approach and its focus primarily on very large agencies, which allows the business to be highly scalable. We believe the company is in a fundamentally strong position with an experienced management team to lead them."

For an analyst ratings summary and ratings history on The Trade Desk click here. For more ratings news on The Trade Desk click here.

Shares of The Trade Desk closed at $26.36 yesterday.

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