Trade Desk price target lowered to $100 from $115 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Trade Desk (TTD) to $100 from $115 and keeps a Neutral rating on the shares. Trade Desk’s Q4 results fell short of prior guidance for revenue and EBITDA by 2% and 4%, respectively, driven largely by self-inflicted missteps caused by internal reorganization efforts in December, the analyst tells investors in a research note. Cantor remains on the sidelines post Q4 results until the firm can gain incremental confidence on the recovery path in 2025.