Morgan Stanley Maintains Overweight on Trade Desk, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Matthew Cost has maintained an Overweight rating on Trade Desk (NASDAQ:TTD) but has reduced the price target from $105 to $70.
November 10, 2023 | 2:21 pm
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Morgan Stanley has maintained an Overweight rating on Trade Desk but lowered the price target from $105 to $70, indicating a potential downside compared to the previous target.
The reduction in price target by a major analyst like Morgan Stanley suggests a reassessment of Trade Desk's future growth or profitability, which could lead to a negative investor sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100