BMO Capital analyst Brian Pitz lowered the firm’s price target on Trade Desk (TTD) to $98 from $115 and keeps an Outperform rating on the shares. The company disappointed the “likely elevated buyside expectations”, with the management commentary also suggesting intensified macro concerns among the largest brands, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TTD:
- Trade Desk downgraded to Sell from Neutral at MoffettNathanson
- Trade Desk price target lowered to $90 from $100 at RBC Capital
- Trade Desk downgraded to Neutral from Buy at Citi
- Trade Desk price target lowered to $64 from $65 at Piper Sandler
- Trade Desk’s Strategic Growth Potential and Kokai Platform Adoption Justify Buy Rating Despite Short-term Challenges