Why The Trade Desk Stock Is Falling Hard Today
Shares of The Trade Desk (NASDAQ: TTD), an advertising platform company, were plunging today after an analyst at Jefferies downgraded the company's stock and lowered his price target for its shares.
The tech stock was down by 7.8% as of 1:32 p.m. ET.
Jefferies analyst James Heaney downgraded The Trade Desk to a hold rating, down from his previous buy rating today. Heaney also lowered his price target for the company's stock to $55, down from $65.
Source Fool.com
