Trade Desk’s Strong Q1 2025 Performance and Strategic Growth Drive Laura Martin’s Buy Rating

Analyst Laura Martin of Needham maintained a Buy rating on Trade Desk (TTD – Research Report), retaining the price target of $84.00.

Laura Martin’s rating is based on Trade Desk’s impressive first-quarter performance in 2025, which exceeded expectations across several key metrics. The company reported revenue of $616 million, marking a 25% year-over-year increase and surpassing estimates by 7%. Additionally, the adjusted EBITDA reached $207.9 million, a 29% rise from the previous year and 43% above projections, resulting in a 34% margin.
These strong results indicate a robust recovery after a rare miss in the previous quarter, highlighting the company’s resilience and effective execution of strategic initiatives. The broad-based demand across various geographies and advertising verticals, coupled with progress on several strategic fronts such as Kokai and OpenPath, underscores Trade Desk’s potential for sustained growth. This combination of factors supports Laura Martin’s decision to assign a Buy rating to the stock.

Martin covers the Communication Services sector, focusing on stocks such as Roku, Magnite, and Stagwell. According to TipRanks, Martin has an average return of -0.5% and a 40.85% success rate on recommended stocks.

In another report released today, Citi also maintained a Buy rating on the stock with a $82.00 price target.