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Stock impact report

Wedbush Cuts The Trade Desk, Inc. (TTD)'s Price Target To $40, Keeps Neutral Rating [Yahoo! Finance]

The Trade Desk, Inc. - Class A (TTD) 
Last the trade desk, inc. - class a earnings: 2/27 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.thetradedesk.com
Company Research Source: Yahoo! Finance
on the stock to $40 from $50, citing competition from demand-side platforms, which are hurting the company's future growth prospects, according to the firm. However, Wedbush maintained a Neutral rating on the shares and stated that it expects continued revenue growth for The Trade Desk, Inc. (NASDAQ:TTD) given the shift towards advertisements on connected TVs and digital channels. Moreover, the company's strong position across the ecosystem and its growing partnerships will also help drive the topline. Wedbush's revision follows DA Davidson's update on the TTD on November 10, when it slashed its price target on the stock to $54 from $80, while keeping a Buy rating on the shares. The firm said that while the company's third-quarter results were strong, the forecast for the fourth quarter was unlikely to ease investor concerns related to threats from AI and competition. As of the close of business on December 10, Wall Street analysts have a Moderate Buy rating for the stock, with Show less Read more
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