Morgan Stanley lowered the firm’s price target on Trade Desk (TTD) to $132 from $145 and keeps an Overweight rating on the shares. The firm, which believe challenges in Q4 were transitory and neither market-driven nor competitive, still views Trade Desk as “a structural leader in the CTV market” and remains confident in the catalyst path in 2025, the analyst tells investors. The firm views the pullback following a weaker than expected Q4 as “an opportunity to accumulate” shares at “an attractive multiple,” the analyst added.
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