01:35 PM EDT, 05/09/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We reduce our 12-month target price to $82 from $97, on lower revised P/E of 40x (previously 45x) our 2026 EPS estimate of $2.05, a premium to peers and warranted as it reflects superior growth, share gain potential, high customer retention rates, and recurring business model, in our view. The lower multiple reflects uncertainty tied to tariff/macro uncertainties. We keep our 2025 EPS estimate at $1.81 but reduce 2026 to $2.05 from $2.16. Although we are impressed by Q1 results and Q2 guidance, and still view shares as attractively valued, we expect TTD's quarterly revenue run rate to continue to decelerate through Q1 as broader industry growth decelerates. Nonetheless, we think TTD is poised to outgrow the broader industry, given its position in the programmatic advertising market as adoption by advertisers increases, allowing it to acquire new clients and grow the existing client base. We are encouraged Kokai momentum, with about two-thirds using the platform (will transition to all clients by year end).