RBC Capital Maintains Outperform on Trade Desk, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg has maintained an Outperform rating on Trade Desk (NASDAQ:TTD) but has reduced the price target from $100 to $90.
November 10, 2023 | 7:27 pm
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NEUTRAL IMPACT
Trade Desk's Outperform rating is maintained by RBC Capital, though the price target has been lowered from $100 to $90, indicating potential upside but with moderated expectations.
The maintenance of an Outperform rating suggests that RBC Capital still sees Trade Desk as a strong investment, but the reduction in the price target could imply a slower growth trajectory or potential headwinds. This news is likely to have a neutral to slightly negative short-term impact on the stock as investors digest the implications of the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100