The Trade Desk Stock Upgraded: What You Need to Know

The Trade Desk Stock Upgraded: What You Need to Know

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...

One month ago, shares of The Trade Desk (NASDAQ: TTD) plunged 14% in a single day after reporting what, at first glance, appeared to be superb results -- and then they continued falling. Now, analysts at SunTrust Robinson Humphrey have decided that this decline in stock price has made shares of this cloud-based ad campaign manager a more attractive investment. SunTrust sounded the all-clear this morning and upgraded Trade Desk stock to buy.

Here are three things you need to know about that.

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Source: Fool.com