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Research Alert: CFRA Maintains Hold Opinion On Shares Of The Trade Desk
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Research Alert: CFRA Maintains Hold Opinion On Shares Of The Trade Desk
May 8, 2026 1:16 PM

03:45 PM EDT, 05/08/2026 (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 cut our 12-month target to $28 from $30 on a P/E of about 13x our 2027 EPS estimate, below peers and historical levels to reflect concerns about decelerating growth and the numerous changes to the leadership team, which we believe are unsettling investors. After providing disappointing Q2 guidance on decelerating growth trends, we cut our EPS to $1.93 from $2.05 for 2026 and to $2.19 from $2.27 for 2027. Although TTD's valuation appears enticing on the surface (less than 10x 2027), we question whether this is becoming a value trap for investors. TTD posted growth of 12% in Q1, decelerating to 8% in Q2, blaming the macroeconomic environment and geopolitical tensions. The departure of Chief Strategy Officer Samantha Jacobson to OpenAI (she remains on the board) follows other recent high-profile executive changes and contributes to the narrative of management turnover. We believe the combination of macro pressures, management turnover, competitive pressures, and other issues will continue to weigh on sentiment.

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