Oppenheimer analyst Jason Helfstein lowered the firm’s price target on Trade Desk (TTD) to $35 from $70 and keeps an Outperform rating on the shares following quarterly. The firm cites CPG and Auto vertical weakness for the target decrease.
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Read More on TTD:
- Trade Desk price target lowered to $48 from $74 at Stifel
- Trade Desk price target lowered to $30 from $42 at Morgan Stanley
- Trade Desk price target lowered to $24 from $38 at Citi
- Trade Desk price target lowered to $44 from $50 at UBS
- Underperform Initiation on The Trade Desk: Slowing Growth, Margin Pressure, and Rising Competition Undermine Premium Valuation
