News about Trade Desk

Trade Desk (TTD) shares have fallen 74.1% over the past year, versus a 17.9% gain for the S&P 500, and traded at $13.13 on October 15. The stock rallied three times from the $11.61-$12.57 zone in 2018 to a high of $27.86 in July 2019. In 2026 it returned to this level twice, on August 10 and September 22, each time falling about 5% before rising about 20%. Growth has slowed sharply: revenue rose 3% in the June quarter versus 18.7% a year earlier, and the operating margin fell to 14.2% from 16.8%. Management guided next-quarter revenue to at least $650 million, compared with $739 million a year earlier, assuming no meaningful improvement in the environment. Cited levels are resistance at $19.56 and a next support 9.2% below the current price, with earnings expected around November 5, 2026.

Trade Desk shares fell 76.3% in the year to October 13, 2026, while the S&P 500 returned about 18%. Revenue growth slowed from 17.7% in Q3 2025 to 3.0% in Q2 2026, and management cited economic conditions for big brands and admitted the company had not executed as well as it could have. Consumer goods makers and carmakers, which generate around 25% of business, faced cyclical pressure, although advertisers outside the top 500 grew over 50% year to date. Management guided Q3 2026 revenue to at least $650 million, about 12% below a year earlier, and adjusted EBITDA to about $160 million, versus $241 million in Q2. Trailing revenue still rose to $3.0 billion from $2.7 billion, with net cash of $1.1 billion, though net margin fell to 13.6% from 15.6%.

UBS has trimmed its price target for Trade Desk (TTD), citing weaker advertiser budget allocation and tougher competition from Amazon for digital ad spending. The share price has rebounded over the past 1 day and 7 days but is still down 15.1% over 30 days and 37.2% over 90 days. The stock's 1-year total shareholder return has declined 76%, pointing to fading momentum as investors reassess growth prospects and risk after the latest guidance and price target cut.