Piper Sandler Maintains Overweight on Trade Desk, Lowers Price Target to $80-Report released on 9th Nov 2023
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 as reported on November 9, 2023.
November 10, 2023 | 9:18 pm
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Piper Sandler has maintained an Overweight rating on Trade Desk but lowered the price target from $100 to $80, indicating a potential downside compared to the previous target.
The reduction in price target by Piper Sandler, despite maintaining an Overweight rating, suggests that the analyst sees less upside potential for TTD's stock price in the short term. This could lead to a negative investor sentiment and a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100