Piper Sandler Maintains Overweight on Trade Desk, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Matt Farrell has maintained an Overweight rating on Trade Desk (NASDAQ:TTD) but reduced the price target from $100 to $80.
November 10, 2023 | 9:16 pm
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Piper Sandler's price target reduction for Trade Desk from $100 to $80, while maintaining an Overweight rating, may influence investor sentiment and the stock's short-term price movement.
The reduction in price target by Piper Sandler could lead to a negative investor reaction in the short term as it suggests a lower valuation expectation for Trade Desk, despite the Overweight rating indicating a positive outlook on the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100