The Trade Desk, Inc. — Wall Street Analyst Estimates & Price Targets

TTD

NASDAQCommunication ServicesAdvertising AgenciesCIK 0001671933thetradedesk.comAbout TTD

Last close · Oct 16, 202612.23−0.90 (−6.85%)

Market cap$5.8B

18 firms' latest targets, last 90 days: median $14.00 ($6.00–$16.00), 14% above the last close.

Price and published targets

daily close, 12 months · each dot a target, a firm's latest darker

Each firm's latest target

last 90 days · 18 firms

Date	Firm	Target	Previous	Change	Vs price then	Vs price now
2026-10-14	UBS	$15.00	$16.00	▼ 6%	+23%	+23%
2026-09-18	Guggenheim	$13.00	$12.00	▲ 8%	-9%	+6%
2026-09-08	Evercore ISI	$14.00	$13.00	▲ 8%	-1%	+14%
2026-08-10	BNP Paribas Exane	$10.00	$40.00	▼ 75%	-24%	-18%
2026-08-10	Morgan Stanley	$13.00	$26.00	▼ 50%	-2%	+6%
2026-08-10	HSBC	$10.00	$20.00	▼ 50%	-28%	-18%
2026-08-07	D.A. Davidson	$16.00	$29.00	▼ 45%	+16%	+31%
2026-08-07	Cannonball Research	$15.00	—	—	+8%	+23%
2026-08-07	Cantor Fitzgerald	$14.00	$22.00	▼ 36%	+1%	+14%
2026-08-07	Scotiabank	$12.00	$20.00	▼ 40%	-32%	-2%
2026-08-07	RBC Capital	$15.00	$33.00	▼ 55%	-15%	+23%
2026-08-07	MoffettNathanson	$6.00	$32.00	▼ 81%	-57%	-51%
2026-08-07	Wells Fargo	$12.00	$20.00	▼ 40%	-32%	-2%
2026-08-07	Susquehanna	$14.00	—	—	-21%	+14%
2026-08-07	BMO Capital	$15.00	—	—	-15%	+23%
2026-08-07	Wolfe Research	$16.00	$45.00	▼ 64%	-9%	+31%
2026-08-07	Baird	$9.00	—	—	-49%	-26%
2026-08-07	Truist	$16.00	$35.00	▼ 54%	-9%	+31%

Consensus estimates

revenue and EPS by fiscal year · reported years marked

FY	Revenue	YoY	EPS	YoY	Revenue range	EPS range	Analysts
2023reported	$1.9B	+23%	$0.36	+227%	est. $1.9B+1%	est. $1.22	18
2024reported	$2.4B	+26%	$0.78	+117%	est. $2.5B-1%	est. $1.64	23
2025reported	$2.9B	+18%	$0.90	+15%	est. $2.9B+0%	est. $0.85	22
2026	$2.7B	-5%	$0.39	-54%	$2.6B–$3.0B	$0.35–$0.42	26
2027	$2.6B	-5%	$0.25	-37%	$2.3B–$3.2B	$0.12–$0.30	26
2028	$2.8B	+8%	$0.42	+68%	$2.4B–$3.4B	-$0.24–$1.60	20
2029	$2.9B	+2%	$0.54	+29%	$2.6B–$3.3B	$0.49–$0.66	10
2030	$3.0B	+6%	$0.68	+25%	$2.8B–$3.5B	$0.61–$0.82	10

A reported year shows the company's figures, with the consensus beside it (revenue against it in %). Reported EPS is GAAP diluted; the analysts' EPS usually leaves items such as stock compensation out, so the two are not like for like. Faded: a year the valuation models do not read — they read the first 3, and a later one only while 10 or more analysts cover every year up to it — or one under 5 analysts.

The analysts at a glance

$14.00median target, 14% above the last close

Firms with a target · last 90 days: 18
Lowest – highest target: $6.00 – $16.00
Current grades of 30 firms: positive / neutral / negative: 5 / 21 / 4
Upgrades / downgrades · 12 months: 3 / 18
Consensus revenue growth · next 3 FY: -1% a year

Current grades

each firm's latest · 30 firms

As of	Firm	Grade
2026-10-14	UBS	“Buy”
2026-09-18	Guggenheim	“Neutral”
2026-09-09	RBC Capital	“Sector Perform”
2026-08-10	D.A. Davidson	“Neutral”
2026-08-10	HSBC	“Reduce”
2026-08-07	Wells Fargo	“Equal Weight”
2026-08-07	Needham	“Buy”
2026-08-07	Benchmark	“Buy”
2026-08-07	Cantor Fitzgerald	“Neutral”
2026-08-07	Susquehanna	“Neutral”

20 more

2026-08-07	Evercore ISI	“In Line”
2026-08-07	Truist	“Hold”
2026-08-07	Scotiabank	“Sector Perform”
2026-08-07	Raymond James	“Underperform”
2026-08-07	Citigroup	“Sell”
2026-08-07	Rosenblatt	“Neutral”
2026-05-08	William Blair	“Market Perform”
2026-05-08	Keybanc	“Sector Weight”
2026-05-08	Oppenheimer	“Perform”
2026-05-08	Wedbush	“Neutral”
2026-03-18	Stifel	“Hold”
2026-03-02	Piper Sandler	“Neutral”
2026-02-26	Loop Capital	“Hold”
2026-02-26	BMO Capital	“Outperform”
2026-02-26	Morgan Stanley	“Equal Weight”
2026-01-27	CFRA	“Hold”
2026-01-23	Citizens	“Market Perform”
2026-01-20	Bank of America	“Underperform”
2026-01-06	Wolfe Research	“Outperform”
2025-12-11	Jefferies	“Hold”

Grade changes

last 24 months · 32

Date	Firm	Grade
2026-08-10	D.A. Davidson	“Buy” → “Neutral” downgrade
2026-08-10	HSBC	“Hold” → “Reduce” downgrade
2026-08-07	Raymond James	“Market Perform” → “Underperform” downgrade
2026-08-07	Citigroup	“Neutral” → “Sell” downgrade
2026-08-07	Guggenheim	“Buy” → “Neutral” downgrade
2026-08-07	Susquehanna	“Positive” → “Neutral” downgrade
2026-08-07	Evercore ISI	“Outperform” → “In Line” downgrade
2026-08-07	Truist	“Buy” → “Hold” downgrade
2026-07-08	HSBC	“Reduce” → “Hold” upgrade
2026-05-11	HSBC	“Hold” → “Reduce” downgrade

50 more

2026-05-08	William Blair	“Outperform” → “Market Perform” downgrade
2026-05-08	Keybanc	“Overweight” → “Sector Weight” downgrade
2026-05-08	Oppenheimer	“Outperform” → “Perform” downgrade
2026-05-04	Wedbush	“Underperform” → “Neutral” upgrade
2026-03-18	Stifel	“Buy” → “Hold” downgrade
2026-03-18	Rosenblatt	“Buy” → “Neutral” downgrade
2026-03-06	Wedbush	“Neutral” → “Underperform” downgrade
2026-02-26	Loop Capital	“Buy” → “Hold” downgrade
2026-01-27	CFRA	“Buy” → “Hold” downgrade
2026-01-23	Citizens	“Market Outperform” → “Market Perform” downgrade
2025-11-07	Benchmark	“Hold” → “Buy” upgrade
2025-09-10	Morgan Stanley	“Overweight” → “Equal Weight” downgrade
2025-08-11	Jefferies	“Buy” → “Hold” downgrade
2025-08-11	HSBC	“Buy” → “Hold” downgrade
2025-08-08	Citigroup	“Buy” → “Neutral” downgrade
2025-08-08	Wedbush	“Outperform” → “Neutral” downgrade
2025-08-08	Bank of America	“Buy” → “Neutral” downgrade
2025-06-27	Evercore ISI	“In Line” → “Outperform” upgrade
2025-06-26	Wells Fargo	“Overweight” → “Equal Weight” downgrade
2025-03-07	Benchmark	“Sell” → “Hold” upgrade
2025-02-13	Evercore ISI	“Outperform” → “In Line” downgrade
2024-10-29	New Street Research	“Neutral” → “Sell” downgrade
2024-05-02	Jefferies	“Hold” → “Buy” upgrade
2023-11-02	New Street Research	“Sell” → “Neutral” upgrade
2023-07-28	BTIG	“Neutral” → “Buy” upgrade
2023-07-18	New Street Research	“Neutral” → “Sell” downgrade
2023-06-02	Morgan Stanley	“Equal Weight” → “Overweight” upgrade
2023-05-03	Vertical Research	“Neutral” → “Positive” upgrade
2023-03-09	Benchmark	“Hold” → “Sell” downgrade
2022-12-15	Jefferies	“Buy” → “Hold” downgrade
2022-08-17	Wolfe Research	“Peer Perform” → “Perform” revised
2022-05-16	Stifel	“Hold” → “Buy” upgrade
2022-01-07	Jefferies	“Hold” → “Buy” upgrade
2021-07-23	Stephens & Co.	“Equal Weight” → “Overweight” upgrade
2021-05-11	Truist	“Hold” → “Buy” upgrade
2021-04-21	Vertical Research	“Mixed” → “Positive” upgrade
2021-03-08	KeyBanc	“Sector Weight” → “Overweight” upgrade
2021-02-19	D.A. Davidson	“Neutral” → “Buy” upgrade
2020-10-15	Keybanc	“Overweight” → “Sector Weight” downgrade
2020-08-07	Stephens & Co.	“Overweight” → “Equal Weight” downgrade
2020-05-11	D.A. Davidson	“Buy” → “Neutral” downgrade
2020-05-08	Truist	“Buy” → “Hold” downgrade
2020-05-08	RBC Capital	“Outperform” → “Sector Perform” downgrade
2020-02-28	Wells Fargo	“Equal Weight” → “Overweight” upgrade
2019-12-06	Needham	“Hold” → “Buy” upgrade
2019-10-11	RBC Capital	“Sector Perform” → “Outperform” upgrade
2019-09-26	Nomura	“Reduce” → “Neutral” upgrade
2019-08-09	Raymond James	“Outperform” → “Market Perform” downgrade
2019-07-24	Citigroup	“Buy” → “Neutral” downgrade
2019-07-18	Jefferies	“Buy” → “Hold” downgrade

Targets, grades and estimates are quoted from third parties (via Financial Modeling Prep) and are theirs, not ours; each target links to the report it was published in. A firm counts once, at its latest target or grade.