Trade Desk price target lowered to $92 from $95 at Loop Capital

Loop Capital lowered the firm’s price target on Trade Desk to $92 from $95 and keeps a Buy rating on the shares. The stock has been reset by about 15% since the “solid” Q3 report, though the outlook for Q4 was cautious, the analyst tells investors in a research note. The spending pause suggested by management aligns with observations by other platforms and given Trade Desk’s higher exposure to brand advertising, the firm says.