BMO Capital analyst Brian Pitz lowered the firm’s price target on Trade Desk (TTD) to $55 from $98 and keeps an Outperform rating on the shares. The company reported “solid” Q4 results but Q1 guidance was below consensus as some large Consumer Packaged Goods and Auto advertisers continue to reduce ad spend from Q2, driven by tariffs and other headwinds, the analyst tells investors in a research note.
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