Wells Fargo Trims PT on The Trade Desk (TTD), Reduces Q2-Q4 Forecasts

The Trade Desk, Inc. (NASDAQ:TTD) earns a spot on our list of the 15 Stocks Set to Explode in the Next 3 Years.

Wells Fargo Trims PT on The Trade Desk (TTD), Reduces Q2-Q4 Forecasts

As of April 6, 2026, 48% of covering analysts hold bullish ratings for The Trade Desk, Inc. (NASDAQ:TTD), while 45% remain cautious toward the stock’s outlook. Still, the consensus price target of $30.00 implies an upside of over 35%.

On the same day, Wells Fargo kept its “Equal Weight” rating while reducing its price target on The Trade Desk, Inc. (NASDAQ:TTD) from $25 to $24. The investment firm cited a fee issue affecting Publicis ad spending, with other agencies also evaluating similar issues. Anticipating an in-line performance in Q1, Wells Fargo reduced its Q2 through Q4 forecasts on mixed checks. Additionally, according to the firm, the March ad budget cuts due to Iran-related geopolitical concerns appear to be restricted to categories with direct supply chain exposure.

Meanwhile, Drew Vollero was appointed to The Trade Desk, Inc. (NASDAQ:TTD)’s board of directors on March 25, 2026. According to CEO Jeff Green, Vollero’s leadership across technology firms, strategic mindset, and CFO experience are expected to help the company grow internationally and provide long-term shareholder value.

The Trade Desk, Inc. (NASDAQ:TTD) offers omnichannel advertising, audience targeting, identity solutions, APIs, and programmatic optimization through its self-service, cloud-based ad-buying platform. Its headquarters are located in Ventura, California, and it was founded in November 2009 by Jeffrey Terry Green and David Pickles.

While we acknowledge the risk and potential of TTD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TTD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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