Trade Desk (TTD) Stock Forecast & Price Target

The Trade Desk experienced an 18% year-over-year revenue increase in the third quarter of 2025, accompanied by a significant rise in its video revenues, which accounted for approximately 50% of total spending on its platform. The company's continued growth in client adoption of its Kokai platform, rising from 65% to 85% within the past six months, underscores its successful integration and value proposition to advertisers. Additionally, Trade Desk's growing EBITDA margin, reaching 42.8%, alongside robust future financial estimates, positions the company favorably within the digital advertising market relative to its peers.

The Trade Desk's revenue growth rate fell to 18% in 3Q25, marking its slowest quarterly increase since 1Q22, with guidance for 4Q25 suggesting a further deceleration to 13% year-over-year. Key risks contributing to a negative outlook include the depreciation of cookies, potential weakness in the US GDP and advertising sectors, increasing competition, and pressure on the company's profit margins. The stock is also impacted by investor concerns over strategic issues and an overall decline in market valuation for technology and SaaS companies, leading to substantial downward adjustments in price targets.