Skip to main content
Assets
The Trade Desk logo
TTD.NASDAQ
The Trade Desk
Communication Services · Advertising

Technology platform for buyers of advertising enabling data-driven digital advertising campaigns across channels.

HQ: United StatesListed: United States

Historical AI Forecasts

Audit every published iPulse AI forecast batch and immutable historical research document for The Trade Desk.

Historical AI Forecasts

The Trade Desk, Inc. (TTD.NASDAQ) AI FORECASTS & ADVISOR ANALYSIS

Read and compare the 12 individual AI Advisor deep-dive reports, including their forecast paths, ratings, price targets, and reasoning.

Updated on 28 November 2025Deep analysis 28 November 2025

PublisherRusslan Ramdowar
25 min readAudit All Past Forecasts

AI Advisor 1 AI

Independent Investor FrameworkAI Researcher

Model rating

Strong Buy

5-Year Return Est.

+186.7%

TTD.NASDAQ does not currently pay dividends

1. Investment Thesis — Base Case

The most reasonable thesis postulates that the 2025 crash to ~$39 presents a generational buying opportunity. While Google's decision to keep cookies created short-term uncertainty, The Trade Desk's fundamentals remain robust, driven by the structural shift of linear TV dollars to CTV and the rise of . The market has incorrectly priced TTD as solely a 'cookie replacement' play, ignoring its dominance in CTV and programmatic AI. As the dust settles in 2026, growth stabilizes at 15-18% CAGR. The valuation, now reset to ~6x Sales (down from 20x), offers a high . TTD will likely grind higher as it proves it can win in a hybrid cookie/UID2 world, delivering consistent earnings growth and gradually re-rating to $70+ levels over the forecast period.

Historical prices and published forecast

Historical prices and published forecastObserved prices and the selected advisor's published projection share a split-adjusted price basis. Prices after the forecast start are later observations, not information known at publication. Forecasts are uncertain. Values in USD.0.8238.1775.52112.86150.21Nov 2020May 2023Nov 2025May 2028Nov 2030Forecast starts
  • Observed price
  • Published advisor forecast
Observed prices and the selected advisor's published projection share a split-adjusted price basis. Prices after the forecast start are later observations, not information known at publication. Forecasts are uncertain. Values in USD.
View chart values
Historical prices and published forecast — published chart values
SeriesDateValue (USD)
Observed price2020-11-2384.0
Observed price2020-12-1794.6
Observed price2020-12-2196.6
Observed price2021-01-1077.5
Observed price2021-01-2677.6
Observed price2021-02-1186.7
Observed price2021-02-1586.9
Observed price2021-03-0766.9
Observed price2021-03-1576.4
Observed price2021-03-3164.2
Observed price2021-04-2874.6
Observed price2021-05-0661.2
Observed price2021-05-1049.0
Observed price2021-05-3058.6
Observed price2021-06-1159.3
Observed price2021-06-2778.9
Observed price2021-07-1771.5
Observed price2021-07-2984.1
Observed price2021-08-1087.5
Observed price2021-08-1876.9
Observed price2021-08-3080.7
Observed price2021-09-1970.6
Observed price2021-10-0567.2
Observed price2021-10-1779.9
Observed price2021-11-0675.7
Observed price2021-11-18108
Observed price2021-11-22104
Observed price2021-12-1687.1
Observed price2021-12-2495.2
Observed price2022-01-1378.9
Observed price2022-01-2159.5
Observed price2022-02-1082.1
Observed price2022-02-2683.2
Observed price2022-03-1061.6
Observed price2022-03-1454.6
Observed price2022-04-0373.7
Observed price2022-04-1966.9
Observed price2022-05-0555.2
Observed price2022-05-0945.0
Observed price2022-05-1753.4
Observed price2022-06-0652.7
Observed price2022-06-3041.9
Observed price2022-07-0443.8
Observed price2022-07-2048.5
Observed price2022-08-0147.0
Observed price2022-08-1374.3
Observed price2022-09-1065.9
Observed price2022-09-2259.2
Observed price2022-10-0463.7
Observed price2022-10-1252.6
Observed price2022-10-2455.7
Observed price2022-11-0939.9
Observed price2022-12-0352.7
Observed price2022-12-0748.0
Observed price2023-01-0443.3
Observed price2023-01-1247.2
Observed price2023-01-2045.6
Observed price2023-02-0552.9
Observed price2023-02-1348.6
Observed price2023-02-1760.3
Observed price2023-03-1355.7
Observed price2023-04-0260.4
Observed price2023-04-2660.0
Observed price2023-04-3063.5
Observed price2023-05-1262.3
Observed price2023-06-0172.2
Observed price2023-06-0574.7
Observed price2023-06-2977.4
Observed price2023-07-0775.5
Observed price2023-07-1588.1
Observed price2023-07-3190.2
Observed price2023-08-1672.4
Observed price2023-09-0985.4
Observed price2023-09-2175.7
Observed price2023-09-2575.1
Observed price2023-10-1184.8
Observed price2023-11-0878.8
Observed price2023-11-1265.8
Observed price2023-11-2067.3
Observed price2023-12-1474.5
Observed price2023-12-1877.0
Observed price2024-01-1167.7
Observed price2024-01-1565.5
Observed price2024-01-2770.3
Observed price2024-02-1273.9
Observed price2024-02-1688.9
Observed price2024-03-1577.7
Observed price2024-03-2787.2
Observed price2024-04-2079.3
Observed price2024-05-0288.1
Observed price2024-05-1486.2
Observed price2024-05-1895.3
Observed price2024-06-0394.1
Observed price2024-06-1998.7
Observed price2024-07-1399.8
Observed price2024-07-2590.9
Observed price2024-08-0684.1
Observed price2024-08-22105
Observed price2024-09-03101
Observed price2024-09-19110
Observed price2024-09-23109
Observed price2024-10-13118
Observed price2024-10-21118
Observed price2024-11-10128
Observed price2024-11-18117
Observed price2024-12-04138
Observed price2024-12-16134
Observed price2025-01-01119
Observed price2025-01-17124
Observed price2025-02-06116
Observed price2025-02-10119
Observed price2025-03-0665.0
Observed price2025-03-1060.3
Observed price2025-04-0349.1
Observed price2025-04-0746.3
Observed price2025-04-2754.1
Observed price2025-05-0555.2
Observed price2025-05-1379.3
Observed price2025-06-0274.8
Observed price2025-06-1868.7
Observed price2025-06-3072.4
Observed price2025-07-2485.0
Observed price2025-07-2888.5
Observed price2025-08-2152.3
Observed price2025-08-2954.7
Observed price2025-09-1844.9
Observed price2025-09-2246.3
Observed price2025-10-0853.8
Observed price2025-10-2454.0
Observed price2025-11-1342.9
Observed price2025-11-1740.8
Observed price2025-12-1137.0
Observed price2025-12-1536.2
Observed price2026-01-0438.7
Observed price2026-01-1236.9
Observed price2026-02-0527.2
Observed price2026-03-0124.4
Observed price2026-03-0529.8
Observed price2026-03-0928.6
Observed price2026-03-2522.0
Observed price2026-04-1020.8
Observed price2026-04-3024.3
Observed price2026-05-0424.5
Observed price2026-05-1221.0
Observed price2026-06-0123.2
Observed price2026-06-2518.04
Observed price2026-07-1119.62
Observed price2026-07-2316.79
Observed price2026-08-0419.34
Observed price2026-08-2013.32
Observed price2026-08-2413.27
Observed price2026-09-1515.00
Observed price2026-09-1614.49
Observed price2026-09-1813.92
Published advisor forecast2025-11-2639.1
Published advisor forecast2026-05-2748.5
Published advisor forecast2026-11-2756.2
Published advisor forecast2027-05-2763.8
Published advisor forecast2027-11-2771.5
Published advisor forecast2028-05-2778.0
Published advisor forecast2028-11-2786.5
Published advisor forecast2029-05-2792.1
Published advisor forecast2029-11-2798.6
Published advisor forecast2030-05-27105
Published advisor forecast2030-11-27112

2. Scenarios & Signals

Bull case

In the bull case, the market realizes the 2025 sell-off driven by Google's cookie deprecation U-turn was a massive overreaction. The Trade Desk's 'Kokai' AI platform drives significant improvements, accelerating advertiser adoption despite the retention of third-party cookies. Unified ID 2.0 (UID2) becomes the de facto currency for (CTV) and , which are cookie-independent, rendering Google's browser policies less relevant to TTD's core growth engines. As ad spend flows aggressively into CTV and shopper marketing, TTD's revenue growth re-accelerates to 20-25% annually. kicks in, expanding to 45%+. The stock re-rates to a (35x+ ) as it solidifies its position as the primary alternative to , reclaiming its $100+ valuation by 2028.

Bear case

In the bear case, the retention of third-party cookies by Google acts as a persistent drag on UID2 adoption, slowing the transition to the Open Internet. Advertisers, fatigued by privacy complexity, consolidate spend within (Google, Meta, Amazon) which offer easier attribution. The Trade Desk struggles to maintain 15% growth as the CTV market saturates and competition from Amazon's ad platform intensifies. in late 2026 compress ad budgets further. TTD faces as it is re-classified from a high-growth disruptor to a mature ad-tech utility, trading at 15-20x . The price languishes in the $30-$40 range, struggling to break out as market sentiment remains skeptical of independent ad-tech's long-term viability.

Complete advisor preview locked

Unlock this report and every AI Advisor

Sign in to check your access, or upgrade to the Base plan to read this report and open every advisor.

Sign in to check accessView Base planReturn to latest AI Consensus