Wedbush Downgrades The Trade Desk to $40, Maintains Neutral Rating

Wedbush has lowered The Trade Desk's (TTD) price target to $40 from $50, citing competition from demand-side platforms. The firm maintains a Neutral rating but expects continued revenue growth due to the shift towards connected TVs and digital channels. Analysts have a Moderate Buy rating with a one-year average share price target of $62.03, representing an upside potential of 58%. The stock is down 65% year-to-date.