On June 30, Trade Desk declined 5.01% in regular trading, trading at $17.77/share, with turnover of $55.82 million.
On the news front, Arete Research downgraded Trade Desk from Neutral to Sell, slashing its price target from $16 to $11.60, implying approximately 35% downside from the current stock price. Notably, Arete has consecutively lowered its target on the stock from $25 to $22, then to $16, and now to $11.60, reflecting deepening concerns about the company's fundamental outlook.
Arete's view stands in stark contrast to the broader analyst consensus. According to FactSet, the average analyst rating remains at overweight with a mean price target of $25.41. The company reported Q1 revenue of $688.9 million, beating the $679.2 million estimate, though adjusted EPS of $0.28 missed the $0.32 consensus. Multiple firms including HSBC, William Blair, and MoffettNathanson have also trimmed targets or downgraded the stock in recent months.
(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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