Trade Desk price target lowered to $70 from $80 at Evercore ISI

Evercore ISI lowered the firm’s price target on Trade Desk (TTD) to $70 from $80 and keeps an Outperform rating on the shares. Q3 performance was “solid,” but with increased competitive intensity and a strong slate of innovations, Trade Desk is “poised for growth, though a linear path to premium growth rates isn’t guaranteed,” the analyst tells investors in a post earnings note.