Wall Street analyst estimates for The Trade Desk, Inc. (TTD): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
The Trade Desk, Inc. is a global technology company that provides a self-service, cloud-based platform. This platform enables advertising buyers to efficiently create, manage, and optimize data-driven digital ad campaigns across diverse formats and channels, including display, video, audio, native, and social media, reaching audiences on computers, mobile devices, and connected TVs. In addition to the platform, the company offers various data and value-added services.
Consensus price target
$14.68 (+11% vs price $13.23)
between $6.00 and $25.00 · 21 targets published in the last quarter
Closing price, Nov 4
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $2.7B | $2.6B – $3.1B | $0.36 | 19 |
| 2027E | $2.6B | $2.3B – $3.2B | $0.22 | 18 |
| 2028E | $2.8B | $2.3B – $3.4B | $0.33 | 15 |
Figures in USD · consensus as of November 4, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 17 |
| Hold | 25 |
| Sell | 5 |
| Strong Sell | 0 |
| Total analysts | 47 |
| Avg rating (−2 sell to +2 buy) | 0.26 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-09 | $0.04 | ||
| 2026-08-06 | $0.34 | $0.18 | +91.4% |
| 2026-05-07 | $0.08 | $0.09 | -8.4% |
| 2026-02-25 | $0.39 | $0.34 | +15.1% |
| 2025-11-06 | $0.23 | $0.20 | +14.4% |
| 2025-08-07 | $0.18 | $0.18 | +1.4% |
| 2025-05-08 | $0.10 | $0.14 | -27.4% |
| 2025-02-12 | $0.59 | $0.57 | +3.5% |
Valuation Ratios
| P/E Ratio | 15.56 |
| Price / Book | 2.41 |
| Dividend Yield | 0.00% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $202.9M | $308.2M | $477.3M | $661.1M | $836.0M | $1.20B | $1.58B | $1.95B | $2.44B | $2.90B |
| Cost of Revenue | $39.9M | $66.2M | $114.1M | $156.2M | $178.8M | $221.6M | $281.1M | $365.6M | $472.0M | $619.1M |
| Gross Profit | $163.1M | $242.0M | $363.2M | $504.9M | $657.2M | $974.9M | $1.30B | $1.58B | $1.97B | $2.28B |
| Research & Development | $27.3M | $52.8M | $83.9M | $116.8M | $166.7M | $226.1M | $319.9M | $411.8M | $463.3M | $525.1M |
| Selling, General & Admin | $78.2M | $119.8M | $172.0M | $275.9M | $346.4M | $624.0M | $863.1M | $968.2M | $1.08B | $1.16B |
| Operating Expenses | $105.5M | $172.6M | $255.9M | $392.7M | $513.0M | $850.1M | $1.18B | $1.38B | $1.55B | $1.69B |
| Operating Income | $57.5M | $69.4M | $107.3M | $112.2M | $144.2M | $124.8M | $113.7M | $200.5M | $427.2M | $589.3M |
| EBITDA | $50.7M | $76.6M | $119.1M | $133.9M | $172.8M | $165.3M | $181.8M | $348.4M | $594.8M | $774.5M |
| Interest Expense | $3.1M | $1.8M | 0 | 0 | 0 | $1.0M | 0 | 0 | 0 | 0 |
| Pre-tax Income | $43.8M | $63.6M | $105.7M | $116.2M | $143.9M | $122.0M | $127.4M | $268.0M | $507.3M | $658.8M |
| Income Tax | $23.4M | $12.8M | $17.6M | $7.9M | -$98.4M | -$15.7M | $74.0M | $89.1M | $114.2M | $215.5M |
| Net Income | $20.5M | $50.8M | $88.1M | $108.3M | $242.3M | $137.8M | $53.4M | $178.9M | $393.1M | $443.3M |
| EPS | $0.05 | $0.13 | $0.19 | $0.24 | $0.52 | $0.29 | $0.11 | $0.37 | $0.80 | $0.92 |
| EPS (Diluted) | $0.05 | $0.12 | $0.19 | $0.23 | $0.49 | $0.28 | $0.11 | $0.36 | $0.78 | $0.91 |
| Shares Outstanding (Diluted) | 406.3 M | 440.6 M | 457.9 M | 478.1 M | 489.9 M | 498.5 M | 499.9 M | 500.2 M | 501.9 M | 482.7 M |
Price
| Price | $13.23 (closing price, November 4, 2026) |
| Market Cap | $6.3B |
| Exchange | NASDAQ |
| Country | US |
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Explore sector: Communication Services · Advertising Agencies
More sections of TTD: Overview · Financials · Valuation · Technical · Ownership
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