Citi lowered the firm’s price target on Trade Desk (TTD) to $38 from $50 and keeps a Neutral rating on the shares after the company announced a CFO change and affirmed its Q4 outlook. The CFO transition “suggests continued visibility challenges,” the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TTD:
- The Trade Desk Stock (TTD) Hits a New 52-Week Low after CFO Resigns
- Midday Fly By: Minnesota CEOs call for deescalation, Nvidia invests in CoreWeave
- Trade Desk CFO change shows continued volatility, says Wells Fargo
- Trade Desk Names Interim CFO Amid Leadership Transition
- Trade Desk CFO Alex Kayyal steps down, Tahnil Davis named interim CFO
