These Analysts Cut Their Forecasts On Trade Desk Following Weak Revenue

The Trade Desk, Inc. TTD reported worse-than-expected quarterly revenue results on Wednesday.

Trade Desk reported quarterly earnings of 59 cents per share, which beat the analyst consensus estimate of 56 cents. Quarterly revenue came in at $741.01 million, which missed the analyst consensus estimate of $758.93 million.

"The Trade Desk once again outpaced nearly every segment of digital advertising in 2024, delivering $2.4 billion of revenue – marking accelerated growth of 26% year over year – and a record $12 billion of spend on our platform. At the same time, we achieved significant profitability and cash flow. While we are proud of these accomplishments, we are disappointed that we fell short of our own expectations in the fourth quarter," said Jeff Green, CEO of The Trade Desk.

The Trade Desk expects first-quarter revenue to be more than $575 million, versus the $591.8 million estimate.

Trade Desk shares gained 1.7% to close at $122.23 on Wednesday.

These analysts made changes to their price targets on Trade Desk following earnings announcement.

Evercore ISI Group analyst Shweta Khajuria downgraded Trade Desk from Outperform to In-Line and lowered the price target from $135 to $90.
Morgan Stanley analyst Matthew Cost maintained the stock with an Overweight and lowered the price target from $145 to $132.
Baird analyst Vikram Kesavabhotla maintained the stock with an Outperform and cut the price target from $160 to $145.
Susquehanna analyst Shyam Patil maintained Trade Desk with a Positive and lowered the price target from $150 to $135.
DA Davidson analyst Tom White maintained the stock with a Buy and slashed the price target from $134 to $103.

Considering buying TTD stock? Here’s what analysts think: