Movement Alert|Trade Desk Inc. Falls 5.02% in Regular Trading, Continued Pressure After Earnings Miss and Multiple Analyst Downgrades

Market Focus
Aug 18

On August 18, Trade Desk Inc. fell 5.02% in regular trading, trading at $13.44/share, with turnover of $164 million. The stock continues to face selling pressure following a disappointing Q2 earnings report and a wave of analyst downgrades.

The company reported Q2 adjusted EPS of $0.34, missing the consensus estimate of $0.40 by 15%, while revenue of $715 million fell short of the $751 million expectation. Q3 revenue guidance also came in below market forecasts. Following the results, Susquehanna slashed its price target by nearly 60%, Baird downgraded the stock from Outperform to Neutral and cut its target from $27 to $9, and BNP Paribas downgraded to Underperform with a $10 target. Rothschild further reduced its price target to $9. The stock has now declined approximately 80% over the past year, with multiple headwinds suggesting selling pressure has yet to fully dissipate.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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