The Trade Desk shares are trading lower after New Street Research downgraded the stock from Neutral to Sell and announced a $69 price target. Also, Redburn Partners initiated coverage on the stock with a Sell rating and announced a $34 price target.
Portfolio Pulse from Benzinga Newsdesk
The Trade Desk's stock has been downgraded from Neutral to Sell by New Street Research with a price target of $69. Redburn Partners also initiated coverage on the stock with a Sell rating and a price target of $34.
July 18, 2023 | 3:37 pm
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NEGATIVE IMPACT
The Trade Desk's stock has been downgraded by both New Street Research and Redburn Partners, with price targets of $69 and $34 respectively.
The Trade Desk's stock has been downgraded by two different research firms, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the stock's price. The price targets set by the firms are also significantly lower than the current trading price, which further suggests a potential decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100