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Stock impact report

Wedbush downgrades The Trade Desk, says OpenAI deal impact overestimated [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
at Wedbush Securities, who downgraded the stock to Underperform in a note to clients on Friday. Wedbush analyst Alicia Reese said the firm has cut its rating from Neutral after the stock surged about 18% following reports that The Trade Desk could help monetize advertising inventory tied to OpenAI's ChatGPT. Reese added that she does “not believe the incremental value of the rumored deal warrants the current share price,” arguing that the market has significantly overestimated the partnership's near-term financial contribution. The firm acknowledged that the deal could be strategically important in the long run, calling it “a vital long-term strategic move against AI search cannibalization.” However, Reese cautioned that the rally reflects a “narrative-driven ‘headline pop'” rather than the underlying economics. According to Wedbush's estimates, the partnership would generate relatively modest financial benefits. Its analysis projects “expected incremental EBITDA of just $42 Show less Read more
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