The Trade Desk Extends Rally On S&P 500 Entry News
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Stock Performance: The Trade Desk (TTD) shares rose nearly 9% to $82.20 following the announcement that it will be added to the S&P 500, replacing Ansys Inc. on July 18, amid a generally bullish outlook from analysts despite a slight cooling in sentiment over the past month.
Analyst Ratings: Recent evaluations by 24 analysts show a majority maintaining a positive view of The Trade Desk, with price forecasts ranging from $60 to $100, while the average 12-month forecast has decreased to $83.88 due to market volatility.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
