Oppenheimer lowered the firm’s price target on Trade Desk to $85 from $95 but keeps an Outperform rating on the shares after its Q3 results and below-consensus Q4 revenue guidance. The company saw some transitory advertiser pullback in October which has since stabilized, and the current 30% selloff is an “attractive buying opportunity” for the best-in-class DSP given that ad weakness seems temporary, the analyst tells investors in a research note.
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- Trade Desk Stock (NASDAQ:TTD): Extreme Reaction Means Take Action
- Trade Desk (NASDAQ:TTD) Plummets on Weak Guidance Despite Q3 Beat
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