Trade Desk Smashes Q3 Estimates, Analysts Slash Price Targets: What’s Going On?

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Trade Desk Inc (NASDAQ:TTD) shares came under pressure in early trading on Friday, despite the company on Thursday reporting upbeat third-quarter results.

• TTD stock is struggling to find support. Get the complete picture here.

Here are some key analyst takeaways:

Needham analyst Laura Martin maintained a Buy rating, while slashing the price target from $84 to $60.
Rosenblatt Securities analyst Barton Crockett reiterated a Buy rating, while cutting the price target from $78 to $64.

Check out other analyst stock ratings.

Needham: Trade Desk’s third-quarter revenues grew 18% year-on-year to $739.4 million, beating expectations, Martin said in a note. She added that this …

Full story available on Benzinga.com