Susquehanna lowered the firm’s price target on Trade Desk (TTD) to $34 from $85 and keeps a Positive rating on the shares. The firm said the company has been seeing macro-related pressures from CPG and auto for a while and called out that 2025 was negatively impacted by at least five points, or in other words, reported growth would’ve been about 23% year-over-year or roughly 18% for 2025. Management mentioned that softness from these verticals has continued into 1Q, leading to a more conservative than expected outlook.
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