Trade Desk Shares Rise After Earnings Beat as Analysts Lift Price Targets
Trade Desk beat third-quarter earnings expectations, and at least 14 analysts raised their price targets. Barron's reports the stock closed up 3.6%.
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what happened
Shares of Trade Desk climbed on Wednesday after the advertising technology company reported third-quarter results above Wall Street forecasts. Adjusted earnings came in at 33 cents a share. Revenue dipped 0.5% to $736 million but topped the $650.9 million projection, according to FactSet data cited by Barron's.
At least 14 analysts covering the stock lifted their price targets following the report. Evercore ISI raised its target to $18, Susquehanna to $17 and Piper Sandler to $16. The stock closed at $15.98, its highest close since Aug. 6. For the fourth quarter, the company expects revenue of at least $755 million and adjusted EBITDA of at least $280 million, both above consensus.
The board also approved an extra $731 million for share repurchases, lifting the total available buyback authorization to $1 billion.
why it matters
Investors are still weighing whether Trade Desk can win back advertising budgets and withstand pricing pressure from Amazon. The shares are down about 63.5% over the past 12 months, so the short-term boost from the report does not yet change the broader picture.
market impact
Trade Desk shares: the earnings beat and analyst target increases support the stock
- Trade Desk shares pressure up — third-quarter profit above forecasts and analysts raising their price targets
tags
instruments
sources
- Trade Desk Stock Boosted by Wall Street Optimism Following Earnings Beat — Barrons.com, 11 November 2026 at 23:37 UTC
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