0LF5 trade ideas
$TTD Trade Desk gets timely upgrade 35% upside Tonights upgrade
RBC Capital analyst Mark Mahaney upgraded Trade Desk to Outperform from Sector Perform with an unchanged price target of $250. The stock closed Thursday down 3% to $185.65. Following the 32% decline from the July highs, Trade Desk's valuation is more compelling, Mahaney tells investors in a research note. Further, the company's positioning as one of the best derivatives off the "strong" secular streaming shift is "very favorable," contends the analyst. He believes Trade Desk's revenue growth and EBITDA margin fundamentals are among the strongest in small-to-mid cap space.
thefly
Entry level above $199 or above middle BB
Medium term Target price $233 = 17% upside
Stop loss $191
Bouncing off 200 day moving average which is long term supportThe entire group is taking a break now SAAS stocks are all down OKTA TWLO ZEN NOW and TTD
But as a group they are meeting and beating their earnings estimates.
TTD beat and guided higher while posting a 41% increase in sales as they usually do.
I think the weakness is a short term move from growth to Value by the big $$ factor players.
Its a little worrisome that the trend line was broken but I see this as a buy.