The Trade Desk faced a wave of analyst cuts on August 7, with at least three firms downgrading or slashing price targets.
Truist Securities downgraded TTD to Hold from Buy. The firm cut its target sharply from $35 to $16. Raymond James went further, dropping the stock to Sell from Hold. Cantor Fitzgerald kept its Hold rating but sliced its target from $20 to $14. Rosenblatt also cut its target, from $24 to $12.
The downgrades hit a stock already under pressure. TTD carries SI % FF of 17.7%, suggesting bears were already positioned ahead of these calls. The market cap sits near $8.1 billion — down significantly from prior highs.
On the brighter side, Airbnb collected a target price increase from Cantor Fitzgerald. The firm raised its target to $160 from $140, keeping a Hold rating. The consensus target on ABNB ticked up to $160.75 from $158.35.
Datadog received a fresh Buy initiation from Rosenblatt with a $305 target. Microchip Technology also got a Buy from Rosenblatt at $120. Baker Hughes earned a new Buy from Morgan Stanley with a $70 target.
The day's clearest theme: Wall Street is turning sharply negative on programmatic ad-tech, while cloud and energy names attract fresh bullish calls.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
