Trade Desk Shares Fall After Price Target Cuts Following Q4 Revenue Miss

MT Newswires Live
14 Feb

Trade Desk (TTD) shares were down almost 33% in recent Thursday trading after analysts lowered their respective price targets following the release of the company's Q4 results.

Wedbush cut its price target by $25 to $120, BofA lowered its price target to $130 from $155, Oppenheimer reduced its target to $115 from $135 and RBC decreased it to $120 from $140.

The company reported late Wednesday Q4 revenue and Q1 revenue guidance that fell short of market expectations.

Price: 82.21, Change: -40.02, Percent Change: -32.74

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