Trade Desk IncTTD
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Communication Services
Trade Desk IncSusquehanna downgrades The Trade Desk to Neutral, slashes price target to $14
Analyst
Susquehanna downgraded The Trade Desk to Neutral from Positive and cut its price target to $14 from $34, citing near-term execution challenges, weaker advertiser demand, and pressure on growth expectations. The new price target implies about 21% downside from the stock’s previous close of $17.67. The brokerage noted that second-quarter revenue growth of 3% missed estimates, while EBITDA and earnings per share also came in below forecasts, with weakness among consumer packaged goods and auto advertisers amid geopolitical uncertainty, consumer softness, and inflation. Susquehanna said some advertisers have shifted toward lower-cost advertising methods, but it remains constructive on the long-term opportunity, citing connected TV, retail media, international expansion, AI initiatives, and supply-path optimization as key growth drivers. Shares of The Trade Desk fell about 26% moments after the opening bell on Friday.
Trade Desk Inc