The Trade Desk, Inc. (NASDAQ:TTD) is one of the most oversold NASDAQ stocks to invest in. The Trade Desk, Inc. (NASDAQ:TTD) has received several rating updates since the beginning of the year. Most recently, KeyBanc cut the price target on The Trade Desk, Inc. to $40 from $88 on February 3, keeping an Overweight rating on the shares. The firm updated the price target to reflect more conservative growth outlooks and EV/EBITDA multiples, telling investors that it anticipates another volatile quarter for SMID-cap ad earnings in a backdrop featuring competition for incremental ad budgets and positioning around agentic AI key themes.
In another development, Rosenblatt also revised the price target on The Trade Desk, Inc. to $53 from $64 on January 27, maintaining a Buy rating on the shares. The firm cited the “surprising termination” of CFO Alexander Kayyal after only five months on the job, adding in a research note for investors that the “surprising personnel volatility in this key post for now eviscerates the argument for a valuation premium to growth.”
The Trade Desk, Inc. provides a self-service and cloud-based ad-buying platform, offering omnichannel advertising, audience targeting, solutions for identity, application programming interface (API), custom, and programmatic, measurement and optimization.
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This article is originally published at Insider Monkey.
