Trade Desk (TTD) stock slides again after weak Q1 outlook; downgrades stack up
The Trade Desk shares fell 5.5% to $23.78 in midday trading Thursday, then dropped nearly 17% after hours following a cautious Q1 revenue forecast of at least $678 million. New Street Research downgraded the stock to sell and cut its price target to $17. The company reported Q4 revenue of $847 million and added $350 million to its buyback authorization.