KeyBanc lowered the firm’s price target on Trade Desk (TTD) to $130 from $142 and keeps an Overweight rating on the shares. Following its first miss since the pandemic, the firm expects The Trade Desk will be in a penalty box near-term as investors digest how much of the miss was from execution vs. competitive issues. From its view, KeyBanc believes tailwinds in CTV, retail media, and audio remain large. If The Trade Desk executes, the firm sees a path back to 20%-plus growth in 2026 as Netflix (NFLX) and Spotify (SPOT) ramp. Coupled with an eventual Google (GOOGL)-Department of Justice trial decision, KeyBanc sees catalysts forming.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TTD:
- Trade Desk price target lowered to $100 from $115 at Cantor Fitzgerald
- Trade Desk price target lowered to $135 from $150 at Susquehanna
- Trade Desk price target lowered to $145 from $160 at Baird
- Trade Desk’s Strategic Positioning and Growth Prospects Reinforce Buy Rating
- TTD Stock Insight: Evercore Slaps with Rating Downgrade and Price Target Trim