The Trade Desk Stock Has a Lot to Prove on Thursday
One of the biggest stars of the IPO class of 2016 will be front and center this week when The Trade Desk (NASDAQ: TTD) delivers fresh financials. The programmatic advertising specialist will be reporting its third-quarter results shortly after Thursday's market close.
The Trade Desk's earlier guidance calls for $76 million in revenue for the quarter, 43% ahead of where it landed a year earlier. It sees adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $21 million, 27% higher than the $16.6 million it rang up in last year's third quarter. The Trade Desk doesn't offer up a net income target, but analysts see an adjusted profit of $0.27 a share. It delivered adjusted earnings of $0.24 a share a year earlier.
Image source: The Trade Desk.
Source: Fool.com
Trade Desk Inc Stock
The stock is one of the favorites of our community with 47 Buy predictions and 4 Sell predictions.
As a result the target price of 93 € shows a slightly positive potential of 3.98% compared to the current price of 89.44 € for Trade Desk Inc.
