Citizens JMP Lowers Price Target on The Trade Desk, Inc. (TTD) to $60, Maintains Market Outperform Rating

Group 1 - The Trade Desk, Inc. (NASDAQ:TTD) is recognized as one of the best quality stocks to buy according to hedge funds, driven by hedge fund interest and a significant profit margin [1] - Citizens JMP has lowered its price target for The Trade Desk, Inc. from $100 to $60, while maintaining a Market Outperform rating, due to near-term challenges from reduced advertising spending in consumer-packaged goods and automotive sectors, as well as potential regulatory impacts [2] - Approximately 41% of The Trade Desk's advertising budget is allocated to the affected verticals, which limits short-term growth visibility [3] Group 2 - The Trade Desk is enhancing its platform with Audience Unlimited, a significant update to its third-party data marketplace aimed at reducing data access costs for advertisers [3] - The platform utilizes AI to improve targeting effectiveness and campaign flexibility, thereby strengthening The Trade Desk's position in the digital advertising ecosystem [4] - The company operates a self-service cloud-based ad-buying platform across various channels including video, display, audio, digital-out-of-home, native, and social media [4]