Wedbush cut The Trade Desk, Inc. (TTD)’s price target to $40 from $50 on December 8, citing competition from demand-side platforms affecting future growth prospects. However, Wedbush maintained a Neutral rating and expects continued revenue growth due to ads on connected TVs and digital channels. DA Davidson previously slashed the price target to $54 from $80 on November 10, maintaining a Buy rating citing concerns about AI threats and competition. Wall Street analysts have a Moderate Buy rating with a $62.03 price target, representing a 58% upside potential. TTD, down over 65% year-to-date, is a global advertising technology company.

Read more at Yahoo Finance: Wedbush Cuts The Trade Desk, Inc. (TTD)’s Price Target To $40, Keeps Neutral Rating