Movement Alert｜Trade Desk Inc. Falls 5.51% in Regular Trading, UBS Trimmed Price Target While Maintaining Buy

Market Focus10-31 00:47

On October 31, Trade Desk Inc. fell 5.51% in Regular Trading, trading at $12.35/share, with turnover of $67.88 million.

The most recent identifiable catalyst in the available information was UBS lowering its price target on October 14 to $15 from $16 while maintaining a Buy rating, pointing to a still-cautious stance toward the stock despite retaining a positive recommendation.

That follows a broader reset in expectations after the company’s weaker August earnings report, when quarterly adjusted EPS of $0.34 and revenue of $715.1 million missed consensus estimates, and after Trade Desk Inc. disclosed plans in September to reduce its workforce by about 15%. Subsequent analyst commentary said the cuts could save about $150 million by 2027, though recent consensus data still showed an average analyst rating of hold and a mean price target near $13.38.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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