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Investing.com - Truist Securities has reiterated its Buy rating and $100.00 price target on The Trade Desk (NASDAQ:TTD), currently trading at $54.08, despite the company’s quarterly results failing to impress investors. According to InvestingPro analysis, the stock appears undervalued with strong financial health metrics.
The advertising technology company reported slightly higher second-quarter 2025 results, showing impressive revenue growth of 25.07% and maintaining a robust gross margin of 80.11%. However, the provided in-line third-quarter guidance was disappointing for a company that typically beats and raises expectations.
Truist attributed the cautious outlook partly to uncertainty regarding spending levels from large brands in the third quarter, citing the current tariffs environment and the announcement of a new CFO at the company.
Despite these short-term concerns, Truist maintained its positive stance on The Trade Desk, highlighting the company’s strong fundamentals, including higher adoption of its Kokai platform, solid sales execution across connected TV, retail media, audio, and international markets.
Truist described The Trade Desk as a "multi-year growth compounder" and one of its favorite companies, noting its leadership position as the demand-side platform for the premium open internet.
In other recent news, The Trade Desk has experienced several notable developments. The company reported revenue growth of 19% in its most recent quarter, surpassing prior guidance and Street expectations. However, management’s outlook suggests a slowdown to 14% reported growth and 18% ex-political growth for the upcoming quarter. BofA Securities downgraded The Trade Desk’s stock from Buy to Underperform, citing growth concerns after the company’s first-ever guidance miss. MoffettNathanson also downgraded the stock to Sell, reducing the price target to $45 due to valuation concerns. RBC Capital lowered its price target to $90, maintaining an Outperform rating, noting that while results were solid, they did not meet high investor expectations. Guggenheim adjusted its price target to $75, maintaining a Buy rating, reflecting on the company’s revenue growth performance. Meanwhile, TD Cowen raised its price target to $259, acknowledging the company’s strong quarterly bookings that exceeded expectations. These developments reflect a mix of optimism and caution among analysts regarding The Trade Desk’s future performance.
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