Analysts Slash Trade Desk Targets to $12 After Q2 Miss
TTD is trading near its 52-week low of $12.83 (7.7% above the low) on elevated volume (6.1× avg).
Summary
Multiple brokers downgraded Trade Desk and cut price targets to around $12 after Q2 revenue of $715M missed consensus by $37.6M. The stock already cratered 29% to a 52-week low of $12.62 in premarket trading on August 7. CEO Jeff Green highlighted customer retention above 95% and emphasized AI-driven decisioning and measurement. This follows the Q2 report on August 6 that showed just 3% revenue growth and GAAP net income down 29%. The downgrades reinforce the market's negative reaction and signal that analysts see limited near-term recovery.
At the time of this announcement, TTD was trading at $13.82 on NASDAQ in the Technology sector, with a market capitalization of approximately $6.5B. The 52-week trading range was $12.83 to $91.45. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.