(TTD) Trade Desk - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US88339J1051
Stock: Platform, Data, Analytics, Optimization, Measurement
Total Rating 47
Risk 81
Buy Signal -2.17
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 56.0% |
| Relative Tail Risk | -13.6% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.45 |
| Alpha | -97.76 |
| Character TTM | |
|---|---|
| Beta | 1.504 |
| Beta Downside | 2.020 |
| Drawdowns 3y | |
|---|---|
| Max DD | 78.26% |
| CAGR/Max DD | -0.22 |
Description: TTD Trade Desk December 17, 2025
The Trade Desk (NASDAQ:TTD) is a U.S.–based technology firm that provides a self-service, cloud-native platform for buying and managing digital advertising across formats-including video, display, audio, DOOH, native, and social-and devices such as computers, mobiles, TVs, and streaming boxes. Its suite of data and value-added services enables agencies, advertisers, and their service providers to plan, optimize, and measure campaigns in real time.
In FY 2023 the company generated $1.55 billion in revenue, up 19 % YoY, with an operating margin of roughly 30 % and a cash balance exceeding $2.5 billion. Active advertisers surpassed 13,000, and CTV (connected-TV) now accounts for over 40 % of total spend on the platform-a trend driven by the broader shift toward video-first consumption and the industry-wide migration to programmatic ad buying, which is forecast to grow at a 15 % CAGR through 2027.
For a deeper dive into how these dynamics translate into valuation metrics, you might explore ValueRay’s analyst toolkit for additional context.
Piotroski VR‑10 (Strict, 0-10) 8.0
| Net Income: 438.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 2.15 > 1.0 |
| NWC/Revenue: 76.17% < 20% (prev 96.26%; Δ -20.09% < -1%) |
| CFO/TA 0.15 > 3% & CFO 880.5m > Net Income 438.6m |
| Net Debt (-277.2m) to EBITDA (654.0m): -0.42 < 3 |
| Current Ratio: 1.71 > 1.5 & < 3 |
| Outstanding Shares: last quarter (493.0m) vs 12m ago -1.91% < -2% |
| Gross Margin: 78.81% > 18% (prev 0.81%; Δ 7800 % > 0.5%) |
| Asset Turnover: 48.76% > 50% (prev 41.95%; Δ 6.81% > 0%) |
| Interest Coverage Ratio: 1534 > 6 (EBITDA TTM 654.0m / Interest Expense TTM 356.0k) |
Altman Z'' 2.67
| A: 0.36 (Total Current Assets 5.12b - Total Current Liabilities 2.99b) / Total Assets 5.94b |
| B: -0.06 (Retained Earnings -364.4m / Total Assets 5.94b) |
| C: 0.10 (EBIT TTM 546.1m / Avg Total Assets 5.72b) |
| D: -0.11 (Book Value of Equity -364.4m / Total Liabilities 3.34b) |
| Altman-Z'' Score: 2.67 = A |
Beneish M -3.01
| DSRI: 1.00 (Receivables 3.60b/2.99b, Revenue 2.79b/2.31b) |
| GMI: 1.03 (GM 78.81% / 81.06%) |
| AQI: 0.86 (AQ_t 0.04 / AQ_t-1 0.04) |
| SGI: 1.21 (Revenue 2.79b / 2.31b) |
| TATA: -0.07 (NI 438.6m - CFO 880.5m) / TA 5.94b) |
| Beneish M-Score: -3.01 (Cap -4..+1) = AA |
What is the price of TTD shares?
As of January 31, 2026, the stock is trading at USD 30.33 with a total of 14,710,561 shares traded.
Over the past week, the price has changed by -17.02%, over one month by -20.44%, over three months by -38.06% and over the past year by -74.50%.
Over the past week, the price has changed by -17.02%, over one month by -20.44%, over three months by -38.06% and over the past year by -74.50%.
Is TTD a buy, sell or hold?
Trade Desk has received a consensus analysts rating of 4.15.
Therefore, it is recommended to buy TTD.
- StrongBuy: 23
- Buy: 5
- Hold: 11
- Sell: 0
- StrongSell: 2
What are the forecasts/targets for the TTD price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 58.3 | 92.2% |
| Analysts Target Price | 58.3 | 92.2% |
| ValueRay Target Price | 26.9 | -11.4% |
TTD Fundamental Data Overview January 24, 2026
P/E Trailing = 41.8409
P/E Forward = 27.6243
P/S = 6.4515
P/B = 6.5693
P/EG = 1.1045
Revenue TTM = 2.79b USD
EBIT TTM = 546.1m USD
EBITDA TTM = 654.0m USD
Long Term Debt = 376.0m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 73.1m USD (from shortTermDebt, last quarter)
Debt = 376.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -277.2m USD (from netDebt column, last quarter)
Enterprise Value = 16.93b USD (18.00b + Debt 376.0m - CCE 1.45b)
Interest Coverage Ratio = 1534 (Ebit TTM 546.1m / Interest Expense TTM 356.0k)
EV/FCF = 24.63x (Enterprise Value 16.93b / FCF TTM 687.5m)
FCF Yield = 4.06% (FCF TTM 687.5m / Enterprise Value 16.93b)
FCF Margin = 24.64% (FCF TTM 687.5m / Revenue TTM 2.79b)
Net Margin = 15.72% (Net Income TTM 438.6m / Revenue TTM 2.79b)
Gross Margin = 78.81% ((Revenue TTM 2.79b - Cost of Revenue TTM 591.2m) / Revenue TTM)
Gross Margin QoQ = 78.07% (prev 78.25%)
Tobins Q-Ratio = 2.85 (Enterprise Value 16.93b / Total Assets 5.94b)
Interest Expense / Debt = 0.09% (Interest Expense 356.0k / Debt 376.0m)
Taxrate = 35.64% (64.0m / 179.5m)
NOPAT = 351.5m (EBIT 546.1m * (1 - 35.64%))
Current Ratio = 1.71 (Total Current Assets 5.12b / Total Current Liabilities 2.99b)
Debt / Equity = 0.14 (Debt 376.0m / totalStockholderEquity, last quarter 2.60b)
Debt / EBITDA = -0.42 (Net Debt -277.2m / EBITDA 654.0m)
Debt / FCF = -0.40 (Net Debt -277.2m / FCF TTM 687.5m)
Total Stockholder Equity = 2.74b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.66% (Net Income 438.6m / Total Assets 5.94b)
RoE = 16.00% (Net Income TTM 438.6m / Total Stockholder Equity 2.74b)
RoCE = 17.52% (EBIT 546.1m / Capital Employed (Equity 2.74b + L.T.Debt 376.0m))
RoIC = 12.82% (NOPAT 351.5m / Invested Capital 2.74b)
WACC = 11.23% (E(18.00b)/V(18.38b) * Re(11.46%) + D(376.0m)/V(18.38b) * Rd(0.09%) * (1-Tc(0.36)))
Discount Rate = 11.46% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.67%
[DCF Debug] Terminal Value 71.02% ; FCFF base≈620.2m ; Y1≈745.3m ; Y5≈1.20b
Fair Price DCF = 28.38 (EV 12.22b - Net Debt -277.2m = Equity 12.50b / Shares 440.3m; r=11.23% [WACC]; 5y FCF grow 21.55% → 2.90% )
EPS Correlation: 22.33 | EPS CAGR: -41.28% | SUE: -4.0 | # QB: 0
Revenue Correlation: 92.37 | Revenue CAGR: 18.15% | SUE: 1.20 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.35 | Chg30d=+0.000 | Revisions Net=-7 | Analysts=16
EPS next Year (2026-12-31): EPS=2.09 | Chg30d=+0.002 | Revisions Net=+1 | Growth EPS=+17.6% | Growth Revenue=+16.1%
P/E Forward = 27.6243
P/S = 6.4515
P/B = 6.5693
P/EG = 1.1045
Revenue TTM = 2.79b USD
EBIT TTM = 546.1m USD
EBITDA TTM = 654.0m USD
Long Term Debt = 376.0m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 73.1m USD (from shortTermDebt, last quarter)
Debt = 376.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -277.2m USD (from netDebt column, last quarter)
Enterprise Value = 16.93b USD (18.00b + Debt 376.0m - CCE 1.45b)
Interest Coverage Ratio = 1534 (Ebit TTM 546.1m / Interest Expense TTM 356.0k)
EV/FCF = 24.63x (Enterprise Value 16.93b / FCF TTM 687.5m)
FCF Yield = 4.06% (FCF TTM 687.5m / Enterprise Value 16.93b)
FCF Margin = 24.64% (FCF TTM 687.5m / Revenue TTM 2.79b)
Net Margin = 15.72% (Net Income TTM 438.6m / Revenue TTM 2.79b)
Gross Margin = 78.81% ((Revenue TTM 2.79b - Cost of Revenue TTM 591.2m) / Revenue TTM)
Gross Margin QoQ = 78.07% (prev 78.25%)
Tobins Q-Ratio = 2.85 (Enterprise Value 16.93b / Total Assets 5.94b)
Interest Expense / Debt = 0.09% (Interest Expense 356.0k / Debt 376.0m)
Taxrate = 35.64% (64.0m / 179.5m)
NOPAT = 351.5m (EBIT 546.1m * (1 - 35.64%))
Current Ratio = 1.71 (Total Current Assets 5.12b / Total Current Liabilities 2.99b)
Debt / Equity = 0.14 (Debt 376.0m / totalStockholderEquity, last quarter 2.60b)
Debt / EBITDA = -0.42 (Net Debt -277.2m / EBITDA 654.0m)
Debt / FCF = -0.40 (Net Debt -277.2m / FCF TTM 687.5m)
Total Stockholder Equity = 2.74b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.66% (Net Income 438.6m / Total Assets 5.94b)
RoE = 16.00% (Net Income TTM 438.6m / Total Stockholder Equity 2.74b)
RoCE = 17.52% (EBIT 546.1m / Capital Employed (Equity 2.74b + L.T.Debt 376.0m))
RoIC = 12.82% (NOPAT 351.5m / Invested Capital 2.74b)
WACC = 11.23% (E(18.00b)/V(18.38b) * Re(11.46%) + D(376.0m)/V(18.38b) * Rd(0.09%) * (1-Tc(0.36)))
Discount Rate = 11.46% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.67%
[DCF Debug] Terminal Value 71.02% ; FCFF base≈620.2m ; Y1≈745.3m ; Y5≈1.20b
Fair Price DCF = 28.38 (EV 12.22b - Net Debt -277.2m = Equity 12.50b / Shares 440.3m; r=11.23% [WACC]; 5y FCF grow 21.55% → 2.90% )
EPS Correlation: 22.33 | EPS CAGR: -41.28% | SUE: -4.0 | # QB: 0
Revenue Correlation: 92.37 | Revenue CAGR: 18.15% | SUE: 1.20 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.35 | Chg30d=+0.000 | Revisions Net=-7 | Analysts=16
EPS next Year (2026-12-31): EPS=2.09 | Chg30d=+0.002 | Revisions Net=+1 | Growth EPS=+17.6% | Growth Revenue=+16.1%