As previously reported, Wedbush downgraded Trade Desk (TTD) to Neutral from Outperform with a price target of $68, down from $90. The firm notes Trade Desk reported healthy Q2 results, while guidance for Q3 was in line with expectations. Shares were down over 25% after hours, with results and management commentary amplifying a number of recent debates, including rising competitive intensity, primarily versus Amazon (AMZN), DSP.
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