The Trade Desk Stock Drops After Weak Q2 Outlook: Why TTD Investors Are Worried Now
The Trade Desk stock fell as low as $19.72 after the company forecast at least $750 million in Q2 revenue, below analyst expectations of $771 million. First-quarter revenue rose 12% to $689 million, but net income dropped to $40 million. Multiple analysts downgraded the stock, citing slower growth and competitive pressure. Trading volume topped 41 million shares.