The Trade Desk (NASDAQ: TTD) Reports Q3 Results, Truist Financial Sets $17 Price Target
Key points
- The Trade Desk (NASDAQ: TTD) reported third-quarter results, with Truist Financial analyst Youssef Squali setting a $17 price target.
- Third-quarter 2026 revenue reached $736 million, exceeding the company's August outlook despite a 0.5% year-over-year decrease.
- The company is reorganizing commercial operations, investing in measurement and artificial intelligence, and focusing on key opportunities.
The Trade Desk (NASDAQ: TTD) reported third-quarter results as Truist Financial analyst Youssef Squali set a $17 price target. The target stood 13.86% above the $14.93 share price when it was published. The company’s results reflect demand from political advertising and medical and health clients, as highlighted by MarketBeat.
Third-quarter 2026 revenue was $736 million, down 0.5% from a year earlier but above the company’s August outlook, as highlighted by MarketBeat. CFO Nate Olmstead said a nonrecurring transaction with a strategic partner added approximately 3 percentage points to revenue growth, while the underlying business still performed meaningfully better than expected.
CEO Jeff Green said the results were well ahead of expectations entering the quarter, though growth remained below the company’s expectations, as highlighted by Business Wire. The Trade Desk is reorganizing its commercial operations, investing in measurement and artificial intelligence, and directing resources toward its largest opportunities.
The Trade Desk trades at $14.93, up $2.00, or 15.47%. Shares have traded between $13.75 and $15.29 today and between $11.62 and $45.50 over the past year. The company has a market capitalization of about $7.06 billion, with trading volume of 86.91 million shares.
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