Key Points A senior executive is leaving The Trade Desk, effective immediately. Investors dislike uncertainty, and this move came with a double dose. 10 stocks we like better than The Trade Desk › Shares of The Trade Desk (NASDAQ: TTD) slumped on Monday, falling as much as 8.5%. As of 3:13 p.m. ET, the stock was still down 7.1%. The abrupt departure of a high-ranking executive normally raises eyebrows anyway, but this move was doubly perplexing. Image source: Getty Images. A revolving door In a ...

Group 1 - The company is experiencing a pattern of leadership turnover, particularly with the recent change in CFO [1] - Analysts express concerns regarding the judgment of those responsible for selecting the previous CFO [1]

Financial Performance - The Trade Desk expects to report revenue and adjusted EBITDA results consistent with previously reported guidance for the quarter and year ended December 31, 2025[4]. - Forward-looking statements indicate expectations of revenue and adjusted EBITDA based on historical performance and current plans[13]. - The company emphasizes that actual results may differ materially from forward-looking statements due to various risks and uncertainties[13]. Earnings Announcement - The earnings announcement for the quarter and year ended December 31, 2025 is scheduled for February 25, 2026[4]. Leadership Changes - Tahnil Davis has been appointed as the interim chief financial officer and principal financial officer effective January 24, 2026[6]. - Ms. Davis's employment agreement includes a base salary of $567,000 and a target annual bonus of $267,500 for part of 2026[9]. - The company plans to conduct an external search for a permanent chief financial officer following Ms. Davis's interim appointment[6]. - Alexander Kayyal's employment as chief financial officer was terminated effective January 24, 2026, but he will remain on the board of directors[10]. Market and User Data - The company has not disclosed specific user data or market expansion strategies in this report[4]. Press Release - A press release detailing these updates was issued on January 26, 2026[14].

VENTURA, Calif.--(BUSINESS WIRE)--The Trade Desk (NASDAQ: TTD), the world's leading independent advertising technology company, today announced the appointment of Tahnil Davis as Interim Chief Financial Officer (CFO), effective January 24, while the Company conducts a search for a permanent successor. Davis currently serves as the company's Chief Accounting Officer and has been with The Trade Desk for nearly 11 years. She succeeds Alex Kayyal. Davis will report to Jeff Green, The Trade Desk's CEO and Co-Fou ...

Group 1 - The Trade Desk is expected to report its fourth-quarter results soon, with shareholders hoping for a turnaround after a significant decline in stock value, which is down about 74% from its all-time high of over $139 and approximately 55% over the last five years [1][2] - Despite the stock's poor performance, The Trade Desk's revenue and earnings have shown resilience, with third-quarter revenue reaching $739 million, reflecting an 18% year-over-year growth, although this is a deceleration from previous quarters [3][4] - Customer retention remains strong at over 95%, marking an 11-year streak, indicating that the underlying business is performing well despite stock market challenges [4] Group 2 - The Trade Desk's revenue growth has slowed, with management guiding for even slower growth in Q4 due to tough comparisons from political ad spending in 2024 [7] - When excluding political spending, the company's third-quarter revenue growth was actually 22% year-over-year, driven by increased ad spending on its AI-powered programmatic ad-buying platform, Kokai [5][6] - The company has been actively repurchasing shares, announcing an additional $500 million share repurchase authorization after spending $310 million on buybacks during Q3 [8]

五大评级上调个股 五大评级下调个股 五大首次覆盖评级个股 1. 梅利厄斯研究将达登餐饮（DRI）的评级从 "持有" 上调至 "买入"，目标价从 240 美元上调至 265 美元。该机构表示，达登餐饮坚持价值导向的运营策略，正为其带来稳定的客流量与持续的市场 份额增长。瑞穗证券同时将达登餐饮的评级从 "中性" 上调至 "跑赢大盘"，目标价从 195 美元上 调至 235 美元。 2. 摩根大通将宝洁公司（PG）的评级从 "中性" 上调至 "增持"，目标价从 157 美元上调至 165 美 元。该机构在研报中向投资者指出，宝洁有望在中期加速内生性销售增长，并进一步提升利润 率。 3. 加拿大皇家银行资本市场旗下考恩公司将飞塔信息（FTNT）的评级从 "持有" 上调至 "买入"，目 标价维持 100 美元不变。该机构称，对飞塔信息的渠道调研显示，公司在 2026 财年整体运营将保 持稳定。 4. 德意志银行将应用材料公司（AMAT）的评级从 "持有" 上调至 "买入"，目标价从 275 美元大幅上 调至 390 美元。该机构上调了对应用材料的业绩预期，以此反映 2026 至 2027 年晶圆制造设备行 业将迎来 " ...

Core Viewpoint - The Trade Desk Inc. has been downgraded by Citigroup from "Outperform" to "Market Perform" due to a significant decline in stock price and failure to meet revenue targets, despite strong fundamentals indicating potential for future growth [1][2][5]. Group 1: Stock Performance - The stock price of The Trade Desk is currently at $36.82, reflecting a recent increase of 4.22%, with fluctuations between $35.63 and $36.94 [4][5]. - Over the past year, the stock has experienced a high of $125.8 and a low of $34, indicating significant volatility [4]. - The company's market capitalization is approximately $18 billion, with a trading volume of 8.26 million shares, showcasing its substantial presence in the market [4]. Group 2: Financial Performance - Analysts project that the upcoming earnings report in early February will show revenue of approximately $841 million, an increase from $749 million [3]. - However, earnings per share are expected to decrease to $0.34 from $0.59, highlighting ongoing challenges for the company [3][5]. Group 3: Market Context - The downgrade by Citigroup is attributed to the stock's decline to levels not seen since June 2020, with TTD trading at multi-year lows and hitting new 52-week lows [2][5].

Group 1 - The Trade Desk is experiencing significant stock price declines, reaching multi-year lows not seen since June 2020, with consistent new 52-week lows as of January 20 [1] - The upcoming earnings report in early February 2026 is anticipated to potentially break the negative trend from the previous year, with analysts expecting approximately $841 million in revenue and $0.34 per share in earnings [2][4] - Despite the expected revenue growth, the market sentiment remains bearish, as the stock has fallen even after strong quarterly reports throughout 2025, indicating that numbers alone may not influence market reactions [4][5] Group 2 - The Trade Desk has undergone a leadership overhaul in 2025, appointing a new COO, CFO, and CRO, which investors will be monitoring for signs of a successful transition [6] - The company's international expansion is a key growth driver, with overseas deals contributing 13% of total revenue and growing faster than domestic sales, highlighting potential for long-term growth [7] - The Trade Desk's Unified ID 2 framework positions it as an alternative to major competitors like Alphabet, but the effectiveness of this strategy in a tight advertising budget environment remains to be seen [7]

Core Insights - The Trade Desk, Inc. (TTD) launched Kokai in 2023, a next-generation platform utilizing Koa AI to enhance programmatic advertising through advanced analytics and integrations, potentially reshaping TTD's revenue and competitive position [2][4] Group 1: Kokai Platform Features and Adoption - Kokai employs a distributed AI architecture with specialized models for various functions, improving efficiency and reliability in ad performance [3] - Nearly all TTD clients have tested Kokai, with 85% adopting it as their default platform, leading to significant performance improvements: 26% better cost per acquisition, 58% better cost per unique reach, and a 94% higher click-through rate [4][10] - Successful case studies include Specsavers reducing appointment booking costs by 43% and Danone increasing conversion rates by one-third for its Actimel brand [5] Group 2: Market Position and Competitive Landscape - TTD is well-positioned for market share growth in 2026, supported by Kokai's adoption, growth in connected TV (CTV) and retail media, and strong client retention, despite competition from Magnite, Inc. and Taboola.com Inc. [6] - Magnite reported a strong third quarter with 18% CTV growth, driven by its SpringServe ad server, while Taboola's new platform, Realize, enhances performance advertising capabilities across the open web [7][8] Group 3: Financial Performance and Valuation - TTD shares have declined by 71.7% over the past year, contrasting with the 61.6% growth of the Zacks Internet – Services industry [11] - TTD's forward price/earnings ratio stands at 26.86X, lower than the industry average of 29.52X [12] - The Zacks Consensus Estimate for TTD's earnings for 2025 has remained stable over the past 60 days [13]

Core Viewpoint - BofA has lowered the price target for Trade Desk (TTD) to $40 from $49 and maintains an Underperform rating on the shares, citing concerns over revenue growth and management changes [1] Group 1: Price Target and Rating - BofA reduced the price target for Trade Desk to $40 from $49 [1] - The firm continues to hold an Underperform rating on Trade Desk shares [1] Group 2: Financial Forecast - BofA forecasts that Trade Desk's Q4 results will at least meet guidance on revenue and adjusted EBITDA [1] - There is an expectation of topline deceleration in 2025 [1] Group 3: Competitive Concerns - Management changes at Trade Desk have heightened competitive concerns [1] - The analyst describes the stock as a "show me" story, indicating a need for evidence of revenue growth acceleration through 2026 to become more positive on the stock [1]