Trade Desk Stock Jumps After Jefferies Upgrade

The stock is looking to snap a five-day losing streak

Deputy Editor
Jan 7, 2022 at 10:13 AM
facebook twitter linkedin

Trade Desk Inc (NASDAQ:TTD) stock is up 4.7% today to trade at $80.57, after an upgrade from Jefferies to "buy" from "hold," with a price-target hike of $5 to $105. The firm suggested that the Street's full-year forecast, which assumes 30% growth, is too conservative, and cited the company's partnership with Walmart (WMT) as well as other potential deals. 

Today's pop has TTD on track to break a five-day losing streak -- securing a bounce off the $76 level, with help from its 320-day moving average. Year-over-year, the equity is up 6.9%. 

The majority of analysts are bullish toward Trade Desk stock, with 12 of the 16 in coverage now carrying a "buy" or better rating, and four a "hold" or worse. Plus, the 12-month consensus price target of $95.50 is a roughly 20% premium to current levels. 

It's also worth pointing out that TTD ranks high on the Schaeffer's Volatility Scorecard (SVS), with a score of 98 out of 100. This means the stock has exceeded option traders' volatility expectations during the past year.



Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners