Movement Alert｜Trade Desk Inc. Intraday Rise 4.87% in Regular Trading, earnings beat and price-target increases support shares

Market Focus11-11 22:59

On November 11, Trade Desk Inc. rose 4.87% in Regular Trading, trading at $16.37 per share, with turnover of $74.62 million.

The move was linked to a stronger-than-expected third-quarter report, fourth-quarter revenue guidance above market forecasts, and follow-up target-price increases from several brokerages.

Trade Desk Inc. reported third-quarter adjusted EPS of $0.33 on revenue of $736 million, versus market expectations of $0.25 and $650.9 million, respectively. The company also guided fourth-quarter revenue to at least $755 million, above the $688.3 million consensus. After the results, RBC and Evercore ISI raised their price targets to $18, while Susquehanna lifted its target to $17; however, those firms broadly kept neutral-equivalent stances, indicating investors are still assessing whether the revenue recovery is sustainable amid competitive and macro pressures.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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