Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Trade Desk Inc before investing.

In this article, we go over a few key elements for understanding Trade Desk Inc’s stock price such as:

• Trade Desk Inc’s current stock price and volume
• Why Trade Desk Inc’s stock price changed recently
• Upgrades and downgrades for TTD from analysts
• TTD’s stock price momentum as measured by its relative strength

About Trade Desk Inc (TTD)

Before we jump into Trade Desk Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

The Trade Desk, Inc. offers a self-service, cloud-based ad-buying platform, which enables its clients to plan, manage, optimize and measure data-driven digital advertising campaigns. The Company’s platform allows clients to execute integrated campaigns across ad formats and channels, including video, which includes connected television (CTV), display, audio, digital-out-of-home, native and social, on a multitude of devices, such as computers, mobile devices, televisions and streaming devices. Its platform provides integrated access to a range of omnichannel inventory and data sources, as well as third-party services. Its platform’s integrations with inventory, publishers and data partners provides ad buyers with reach and decision capabilities, and its enterprise application programming interfaces (APIs) enable its clients to customize and expand platform functionality. The Company’s clients are advertising agencies, advertisers and other service providers for agencies or advertisers.

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Trade Desk Inc’s Stock Price as of Market Close

As of July 24, 2024, 4:00 PM, CST, Trade Desk Inc’s stock price was $89.32.

Trade Desk Inc is down 11.48% from its previous closing price of $100.90.

During the last market session, Trade Desk Inc’s stock traded between $99.57 and $102.39. Currently, there are 488.55 million shares of Trade Desk Inc stock available for purchase.

Trade Desk Inc’s price-earnings (P/E) ratio is currently at 250.6, which is high compared to the Software industry median of 46.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Trade Desk Inc Stock Price History

Trade Desk Inc’s (TTD) price is currently down 8.55% so far this month.

During the month of July, Trade Desk Inc’s stock price has reached a high of $102.67 and a low of $89.26.

Over the last year, Trade Desk Inc has hit prices as high as $102.67 and as low as $60.23. Year to date, Trade Desk Inc’s stock is up 99.24%.

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What Caused Trade Desk Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. However, as of July 23, 2024,, no analysts have changed their rating of Trade Desk Inc’s stock over the last month.

Additionally, you'll want to evaluate Trade Desk Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Trade Desk Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Trade Desk Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Trade Desk Inc (TTD) by visiting AAII Stock Evaluator.

Relative Price Strength of Trade Desk Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 23, 2024, Trade Desk Inc has a weighted four-quarter relative price strength of 3.52%, which translates to a Momentum Score of 76 and is considered to be Strong.

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Trade Desk Inc Stock Price: Bottom Line

As of July 24, 2024, Trade Desk Inc’s stock price is $89.32, which is down 11.48% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Trade Desk Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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