Skip to main content

Market Overview

Trade Desk Touts A 'Long Growth Runway,' Expect Market Share Gains: Analyst

Share:
Trade Desk Touts A 'Long Growth Runway,' Expect Market Share Gains: Analyst

Trade Desk Inc. (NASDAQ: TTD), a demand-side platform (DSP) and leader in connected television (CTV), is expected to grow its market share while maintaining EBITDA margins of around 40% going ahead, according to Morgan Stanley (NYSE: MS).

The Trade Desk Analyst: Matthew Cost initiated coverage of the Ventura, California-based company with an Equal-Weight rating and a price target of $60.

The Trade Desk Thesis: Trade Desk has a long growth runway, given that its 2021 gross billings were around $6.1 billion, which represents only 9% of the $65 billion advertising opportunity, Cost said in the initiation note.

Check Out Other Analyst Stock Ratings.

“We see TTD's independent platform and leading technology extending its share in open web advertising, as we expect it to grow overall gross billings at a 28% '21-'24 CAGR and to grow CTV (including video) billings at a ~36% '21-'24 CAGR,” the analyst wrote.

“Our analysis of TTD's growth and market share by channel showcases its diversification, as we expect the business to be evenly split between CTV and other channels by '26 (vs. ~40% CTV today), despite TTD significantly increasing its CTV share over the same period,” he added.

TTD Price Action: Shares of Trade Desk had risen by 4.62% to $57.14 at the time of writing on Tuesday, Oct. 18.

Latest Ratings for TTD

DateFirmActionFromTo
Mar 2022GuggenheimInitiates Coverage OnBuy
Mar 2022BenchmarkInitiates Coverage OnHold
Feb 2022KeybancMaintainsOverweight

View More Analyst Ratings for TTD

View the Latest Analyst Ratings

 

Related Articles (TTD)

View Comments and Join the Discussion!

Posted-In: Matthew Cost Morgan StanleyAnalyst Color Initiation Analyst Ratings

Latest Ratings

StockFirmActionPT
SEDGB of A SecuritiesMaintains411.0
PTLOPiper SandlerMaintains28.0
AOUTLake StreetMaintains26.0
RAPTPiper SandlerMaintains52.0
OCXLake StreetMaintains6.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com