BTIG analyst Clark Lampen has maintained their neutral stance on TTD stock, giving a Hold rating today.
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Clark Lampen has given his Hold rating due to a combination of factors that reflect both positive developments and ongoing challenges for Trade Desk. The company’s recent quarterly results surpassed expectations, driven by growth across various sectors and strength in connected TV, indicating an improvement in execution. However, Lampen notes that it will take several quarters to fully regain momentum and restore investor confidence, suggesting that the recovery process is gradual.
Despite the encouraging performance, there are still concerns about certain areas of the advertising market, particularly within the consumer sector, which remain weak. Additionally, while Trade Desk is optimistic about its competitive position against Amazon’s DSP, the broader market’s focus on Amazon introduces uncertainty. Lampen’s Hold rating reflects a cautious approach, awaiting clearer signs of sustained growth and execution before considering a more favorable recommendation.
In another report released today, Morgan Stanley also maintained a Hold rating on the stock with a $50.00 price target.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TTD in relation to earlier this year.