The Trade Desk Plunges to New 52-Week Low on KeyBanc's Reduced Target

The Trade Desk fell to a new 52-week low of $27.06, down 9% after KeyBanc Capital Markets slashed its price target from $88 to $40 and reduced 2026 and 2027 revenue estimates. The firm's departure of CFO Alexander Kayyal in late January and concerns about AI's impact on digital ad volumes and competitive pressure from "walled garden" platforms have contributed to the stock's 75% decline over the past year. The next test comes with earnings on February 25, 2026.