The Trade Desk (TTD) Has Fallen More Than 60% — but Analysts Are Turning Bullish Again

Core Insights - The Trade Desk, Inc. (NASDAQ:TTD) is identified as one of the best AI stocks to buy under $50, despite a significant decline of over 60% in stock price over the past year, attributed to both market trends and company-specific challenges [1] Financial Performance - The company reported third-quarter revenue of $739 million, reflecting an 18% year-over-year increase [2] - Revenue growth was 22% when excluding political ad spending, indicating that previous concerns about the company's competitive position are diminishing [2] Analyst Ratings and Price Targets - Benchmark upgraded the stock from "Hold" to "Buy" with a price target of $65, citing the company's revenue growth as a positive sign [2] - Susquehanna reduced its price target from $135 to $85 but maintained a Positive rating, suggesting that core growth could return to the 20% year-over-year range by the end of the year [4] Product Development - New tools in the ad-buying platform, such as OpenPath, OpenAds, and Deal Desk, are expected to be critical differentiators that enhance AI efficiency and address concerns about commoditization [3] Company Overview - The Trade Desk, Inc. provides a self-service, cloud-based platform for advertisers to buy and manage data-driven digital ads across various channels [5]