New Street Research Downgrades Trade Desk to Sell, Announces $69 Price Target
Portfolio Pulse from richadhand@benzinga.com
New Street Research analyst Dan Salmon has downgraded Trade Desk (NASDAQ:TTD) from Neutral to Sell and announced a $69 price target.
July 18, 2023 | 8:45 am
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NEGATIVE IMPACT
Trade Desk has been downgraded from Neutral to Sell by New Street Research, with a new price target of $69.
The downgrade from Neutral to Sell by New Street Research indicates a negative outlook for Trade Desk. The new price target of $69, if significantly lower than the current trading price, could lead to a sell-off, negatively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100