The Trade Desk (NASDAQ: TTD) stock tumbled more than 12% in premarket trading on Friday, May 8, after the advertising technology company failed to meet all Wall Street expectations for the past quarter.
The Trade Desk (TTD) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.33 per share a year ago.
Growth slowed further in the latest quarter, while profit came up short of expectations.
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Wedbush upgraded Trade Desk (NASDAQ:TTD | TTD Price Prediction) to Neutral from Underperform on Monday with a $23 price target, marking bear case capitulation rather than fresh bullish conviction.
TTD heads into Q1 earnings with solid CTV-driven growth but rising competition, soft demand in key sectors clouds near-term outlook.
The latest trading day saw The Trade Desk (TTD) settling at $23.59, representing a -3.2% change from its previous close.
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TTD taps DramaBox to bring short drama to open Internet ads, expanding reach, boosting engagement and strengthening its edge over walled gardens.
The Trade Desk faces numerous execution risks across decelerating growth prospects, intensifying competition from Big Tech, 'executive departures,' and 'audit issues.' Major agencies reportedly pulled back from OpenPath over economics/opacity issues, raising concerns about their advertiser retention prospects. TTD's FQ1 '26 guidance also fails to inspire confidence, with it pressuring market sentiments and triggering the steep meltdown from prior highs.
Shares of The Trade Desk NASDAQ: TTD are currently trading around $23, having bounced off the $20 level earlier this month. While that rebound is encouraging, it barely scratches the surface of the damage done in recent months.
In the closing of the recent trading day, The Trade Desk (TTD) stood at $23.56, denoting a +1.55% move from the preceding trading day.