Guggenheim lowered the firm’s price target on Trade Desk (TTD) to $90 from $110 and keeps a Buy rating on the shares. Revenue growth of 25% was 840 basis points ahead of Q1 guidance and a rebound from the Q4 miss, though the firm lowered its “previously above-consensus” Q2-Q4 forecasts to reflect management’s more conservative demand outlook, the analyst tells investors.
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Read More on TTD:
- Trade Desk price target raised to $80 from $60 at Morgan Stanley
- Trade Desk price target raised to $80 from $67 at KeyBanc
- Trade Desk’s Strong Q1 2025 Performance and Strategic Growth Drive Laura Martin’s Buy Rating
- Trade Desk’s Strong Q1 Performance and Strategic Initiatives Drive Upward Revisions and Buy Rating
- Trade Desk’s Strong Performance and Growth Potential: Analyst Recommends Buy with Raised Target Price
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