Trade Desk price target lowered to $60 from $85 at Truist

Truist analyst Youssef Squali lowered the firm’s price target on Trade Desk (TTD) to $60 from $85 and keeps a Buy rating on the shares. The firm is adjusting its model to reflect “greater uncertainty” following the company’s announcement of a CFO transition, the analyst tells investors in a research note. Departing CFO Alex Kayyal, whom the company appointed to the CFO role in August 2025, has served as the company’s Chief Accounting Officer and has been with TTD for nearly 11 years, bringing deep expertise in financial management across domestic and international markets with extensive experience in high-growth software and internet services companies, the firm added.