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.



If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

Schaeffer's Investment Research Stock Pick Report


Special Offers from Schaeffer's Trading Partners