What’s going on with the trading desk sharing on Thursday? – Trade Desk (NASDAQ: TTD)

The Trade Desk, Inc. TTD Stocks are trading low on Thursday after the company reported 2024 fourth quarter earnings worse than expected on Wednesday.

What we know: The trade desk reported revenue of $741.01 million, with analysts estimated at $758.93 million, representing a 22% increase from the previous year. Additionally, the company reported adjusted earnings per share of 59 cents, with analyst estimates beating 56 cents.

“We’re looking forward to seeing you in the process of exploring the world,” said Jeff Green, Founder and CEO of The Trade Desk. “This trade desk again surpassed almost every segment of digital advertising in 2024, earning $2.4 billion in revenue, and spending on our platform. At the same time, we have a great profitability and cash flow. We are proud of these achievements, but we are disappointed that we haven’t reached our expectations for the fourth quarter.”

The company also issued guidance in the first quarter of 2025. It has seen revenues of at least $575 million, with analyst estimates below $591.8 million, and adjusted EBITDA is around $145 million.

Analyst Changes: Following the revenue report, several analysts issued price target adjustments.

Stifel analyst Mark Kelley maintained the trade desk purchase rating and reduced the price target from $144 to $122. Truist Securities Analyst Youssef Squarei maintains the purchase rating of the trade desk and lowers its price target from $155 to $130. DA Davidson analyst Tom White maintained the trade desk purchase rating and reduced its price target from $134 to $103. Susquehanna analyst Shyam Patil maintained a positive rating at the trade desk, reducing the price target from $150 to $135.

Reference: Major Purchase Alerts: Christopher Christensen invests $649,000 in Ensign Group stocks

TTD Price Action: At the time of publication, Trade Desk stocks were trading at $83.31, 31.8% lower, according to data from Benzinga Pro.

Image: This diagram was generated using artificial intelligence via Midjourney.