The analyst upgraded their TTD stock forecast, as they foresee the TTD stock increasing by 16.29%. Since this price target was made public, the TTD stock has jumped nearly 30.46%.
The trade desk, inc. (NASDAQ: TTD) has been subject to a challenging market environment in 2022. However, a fresh upgrade from the Needham analyst could help propel their stock to a net increase for the TTD stock in 2022.
What does this Upgrade mean for TTD Stock?
TTD’s poor performance in 2022 has presented a unique opportunity for investors, as their financial ratios are more attractive now than they have previously been. These attractive ratios could have played a role in the Needham analyst’s decision to upgrade their outlook on the TTD stock.
The analyst has set their price target to $63.38, as they expect TTD to continue capturing market share.
Effects of the Upgrade on TTD’s Social Sentiment
Here are the latest analytics from the TTD Stocktwits and TTD Twitter communities (over the last 24hrs):
- 521 Posts (up 372% day over day)
As you can see, the social sentiment in the TTD Stocktwits community has skyrocketed since this analyst upgrade news broke. However, is this the only reason for such a large increase in posting volumes? The answer is no. The reason why this happened is due to the fact that The Trade Desk reported their Q2 2022 earnings, in which they beat their estimates. It is likely that the Needham analyst posted this upgrade as a result of their positive outlook after the TTD stock earnings were released.
Whether you are trying to stay up-to-date on posting volumes, likes, and/or impressions within a stock’s Stocktwits and/or Twitter communities; diving deeper into the “whale” accounts that are driving sentiment in the TTD Stocktwits and/or Twitter communities, or just keeping up with how different stocks are ranking in terms of their social sentiment; there is no better time to get familiar with social sentiment data.