Provided Content: Content provided by Barchart. The Globe and Mail was not involved, and material was not reviewed prior to publication.
Trade Desk - Mixed Price Targets
The Chart of the Day belongs to the technology company The Trade Desk (TTD) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 8/15 the stock gained 21.37%.
TTD Price vs Daily Moving AVerages
The Trade Desk, Inc. operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices. It provides data and other value-added services. The company serves advertising agencies, brands, and other service providers for advertisers. The Trade Desk, Inc. was incorporated in 2009 and is headquartered in Ventura, California.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 62.02+ Weighted Alpha
- 79.51% gain in the last year
- Trend Seeker buy signal
- 1.48 - 60 month Beta
- Above its 20, 50 and 100 day moving averages
- 15 new highs and up 11.24% in the last month
- Relative Strength Index 73.07%
- Technical support level at $119.66
- Recently traded at $121.98 with 50 day moving average of $110.15
Fundamental Factors:
- Market Cap $59.74 billion
- P/E 237.96
- Revenue expected to grow 25.80% this year and another 20.40% next year
- Earnings are estimated to increase 27.80% this year, an additional 18.00% next year and continue to increase at a compounded annual rate of 24.85% for the next 5 years
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analyst gave 22 strong buy, 5 buy, 5 hold and 4 sell opinions on the stock
- Analysts' price targets are between $40 and $150
- Value Line rates the stock its average rating of 3 with a price target of $148 or 20% gain
- CFRAs MarketScope rates the stock a 4 star buy with a price target of $130
- MorningStar gives the stock its lowest rating of with a fair value of $52 or 113% over valued
- 89,080 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
