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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