Evercore ISI Group praised TTD's valuation
Trade Desk Inc (NASDAQ:TTD) stock is 3.2% higher to trade at $70.21 at last check, after Evercore ISI Group upgraded the cloud computing company to "outperform" from "in line." The analyst in coverage cited the equity's attractive valuation and improved risk-reward ratio.
The majority of analysts leaned bullish coming into today, but there's room for additional upgrades that could further boost the security. Of the 36 firms in question, 10 still carry a "hold" rating.
TTD now sports a 27.3% quarter-to-date lead, but has shed 40.8% so far in 2025. Shares have struggled with overhead pressure at $80 since February, but have remained above the $60 region since an early May bull gap, with additional support stemming from their 60-day moving average.
Options are looking quite affordable. The stock's Schaeffer's Volatility Index (SVI) of 41% sits in the 11th percentile of its annual range, indicating options traders are now pricing in low volatility expectations. Plus, its Schaeffer’s Volatility Scorecard (SVS) score of 86 out of 100 indicates TTD has historically delivered larger-than-expected price swings.