Trade Desk price target lowered to $80 from $90 at RBC Capital

RBC Capital lowered the firm’s price target on Trade Desk (TTD) to $80 from $90 and keeps an Outperform rating on the shares. The company delivered a solid Q3 with raised Q4 guidance showing the potential for building momentum into 2026, the analyst tells investors in a research note. RBC adds however it is cutting price target on the stock due to peer multiple contraction.