Arete Cuts Trade Desk Rating to Sell with $11.60 Price Target
TTD•TTD•TTD•TTD•Arete downgraded Trade Desk from Neutral to Sell and set a price target of $11.60, highlighting growing signs that advertising agencies are cutting spend on the platform. The firm noted that reduced agency budgets could impair Trade Desk’s revenue growth outlook and weigh on market valuation.
Arete changed its rating on Trade Desk from Neutral to Sell while assigning a price target of $11.60, reflecting a more pessimistic view on the company’s near-term performance.
The firm cited increasing signs that advertising agencies are reducing their budgets on Trade Desk’s platform, suggesting that client demand may soften and pressure revenue metrics.
With agency budgets under strain, Trade Desk could face headwinds in its revenue growth trajectory, which may prompt investors to reassess the stock’s valuation multiple.
