Trade Desk price target lowered to $130 from $155 at Truist

Truist analyst Youssef Squali lowered the firm’s price target on Trade Desk (TTD) to $130 from $155 but keeps a Buy rating on the shares. The company reported a slight Q4 miss and a guide-down for Q1 that was driven by execution missteps amid an otherwise healthy ad environment and several secular growth drivers, the analyst tells investors in a research note. Slower Kokai deployment and changes across client-facing and engineering personnel drove much of the top line slowdown, but this trend has been reversing so far in Q1, and the quarter should mark the trough for the year at about 17% revenue growth before reaching 20% by year-end, Truist adds.