Reported 1 day ago
Trade Desk, Inc. (NASDAQ:TTD) saw its shares drop by 11.95% to $46.14 after Morgan Stanley downgraded the company's stock rating from 'overweight' to 'equalweight' and reduced its price target from $80 to $50. The downgrade stems from concerns regarding Trade Desk's connected TV business, a disappointing 3Q revenue growth forecast, and increasing competition in the advertising market, particularly from major players like Amazon.
Source: YAHOO