Key Highlights
- On January 5, Guggenheim analyst Michael Morris reduced the price target on The Trade Desk, Inc.
- (NASDAQ: TTD)’s stock to $50 from $55, while keeping a “Buy” rating, as reported by The Fly.
- The firm highlighted fierce competition in the broader digital advertising market.
- That being said, it sees an attractive risk-reward profile considering the current valuation.
- Guggenheim Lowers PT on The Trade Desk (TTD) Stock The firm noted that the company is trading at a discount to peers on both sales and operating income before depreciation and amortization (OIBDA) multiples.
