Technical Analysis:
Based on recent price action, TTD has experienced significant downward pressure, falling from $86.46 to $71.95 over the past week. The stock shows a clear bearish trend in the short term.
Key Technical Indicators:
- Current price: $71.95
- Support level: $67.50
- Resistance level: $80.97 (recent high)
- Volume spike: 55 million shares traded during recent selloff, about 10x normal volume
News and Fundamental Analysis:
- TTD missed Q4 2024 revenue guidance for the first time in 33 quarters
- Company undergoing largest reorganization in history to improve execution
- Management implementing changes including:
- Streamlining client-facing teams
- Dividing engineering into 100 scrum teams
- Moving 100% clients to Kokai platform in 2025
Analyst Views:
Recent price target adjustments:
- Truist: $130 (from $155) - maintains Buy
- Stifel: $122 (from $144) - maintains Buy
- BMO Capital: $115 (from $160)
- Wedbush: $120 (from $145)
Price Prediction for Next Week:
Based on technical analysis and recent developments:
- Bearish Scenario (60% probability): Stock likely to test support at $67.50
- Neutral Scenario (30% probability): Consolidation between $70-75
- Bullish Scenario (10% probability): Bounce to $80 resistance
Trading Recommendation: SELL
- Entry: Current price ($71.95)
- Target: $67.50
- Stop loss: $75.00
Rationale:
- Negative technical momentum
- Recent organizational changes creating short-term execution risks
- Multiple analyst downgrades suggesting continued pressure
- High volume selloff indicating potential further downside before stabilization
The stock may find support around $67.50 where previous rallies have occurred, but current technical and fundamental factors suggest more downside risk in the immediate term.
Technical Analysis:
Based on recent price action, TTD has experienced significant downward pressure, falling from $86.46 to $71.95 over the past week. The stock shows a clear bearish trend in the short term.
Key Technical Indicators:
- Current price: $71.95
- Support level: $67.50
- Resistance level: $80.97 (recent high)
- Volume spike: 55 million shares traded during recent selloff, about 10x normal volume
News and Fundamental Analysis:
- TTD missed Q4 2024 revenue guidance for the first time in 33 quarters
- Company undergoing largest reorganization in history to improve execution
- Management implementing changes including:
- Streamlining client-facing teams
- Dividing engineering into 100 scrum teams
- Moving 100% clients to Kokai platform in 2025
Analyst Views:
Recent price target adjustments:
- Truist: $130 (from $155) - maintains Buy
- Stifel: $122 (from $144) - maintains Buy
- BMO Capital: $115 (from $160)
- Wedbush: $120 (from $145)
Price Prediction for Next Week:
Based on technical analysis and recent developments:
- Bearish Scenario (60% probability): Stock likely to test support at $67.50
- Neutral Scenario (30% probability): Consolidation between $70-75
- Bullish Scenario (10% probability): Bounce to $80 resistance
Trading Recommendation: SELL
- Entry: Current price ($71.95)
- Target: $67.50
- Stop loss: $75.00
Rationale:
- Negative technical momentum
- Recent organizational changes creating short-term execution risks
- Multiple analyst downgrades suggesting continued pressure
- High volume selloff indicating potential further downside before stabilization
The stock may find support around $67.50 where previous rallies have occurred, but current technical and fundamental factors suggest more downside risk in the immediate term.