We recently compiled a list of the Weak Earnings, Outlook Drag Shares of These 10 Firms on Thursday. In this article, we are going to take a look at where The Trade Desk, Inc. (NASDAQ:TTD) stands against the other stocks.

The stock market finished firmer on Thursday, as investors cheered fresh inflation data and tariff updates that helped alleviate concerns about inflationary pressures and global trade tensions.

The Dow Jones rose by 0.77 percent, the S&P 500 increased 1.04 percent, while the Nasdaq jumped 1.50 percent.

Despite overall market gains, ten companies managed to register declines, mostly due to disappointing earnings performance, a weaker outlook, and downgraded ratings.

To come up with Thursday’s top losers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A large array of computer screens and tech equipment representing the technology company's self-service cloud-based platform.

The Trade Desk, Inc. (NASDAQ:TTD)

The Trade Desk, Inc. (NASDAQ:TTD) fell by 32.98 percent on Thursday to end at $81.92 apiece after it earned a downgraded rating from an investment research company.

On Thursday, Evercore ISI analyst Mark Mahaney cut his rating for The Trade Desk, Inc. (NASDAQ:TTD) to “hold” from “buy” due to mixed financial results and underperformance in key areas, while also cutting his price target for the company by 33 percent to $90 from $135 previously.

The downgrade came after The Trade Desk, Inc. (NASDAQ:TTD) missed internal revenue expectations for the first time in eight years, with figures settling at $741 million, or lower than analyst consensus of $758 million and internal guidance of $756 million.

In a statement, The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeff Green acknowledged the company’s performance in 2024, but said that he was disappointed “for falling short of our expectations in the fourth quarter.”

“In 2025 and beyond, we are uniquely positioned to help our clients take full advantage of data-driven advertising on the premium internet, helping them drive growth and brand loyalty for their businesses,” he said.

Overall TTD ranks 2nd on our list of Thursday's top losers. While we acknowledge the potential of TTD as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than TTD but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

 

Disclosure: None. This article is originally published at Insider Monkey.