Trade Desk price target lowered to $22 from $43 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Trade Desk (TTD) to $22 from $43 and keeps a Neutral rating on the shares. The company’s Q1 outlook missed estimates as its fundamental backdrop “remains choppy from both macro and competitive factors,” the analyst tells investors in a research note. Cantor says Trade Desk’s growth rates have decelerated from the 20% range to low-double-digits and its visibility remains relatively low.