The Latest Breaking News from Trade Desk Inc

Shares of ad-tech leader Trade Desk Inc (NASDAQ:TTD) are trading lower Wednesday after Morgan Stanley downgraded the stock to ‘Equal-Weight’ from ‘Overweight’ and cut its price target to $50 from $80. Here’s what investors need to know.

Shares of ad-tech leader Trade Desk Inc (NASDAQ:TTD) are trading higher Thursday afternoon, staging a modest rebound after a tumultuous past month that saw the stock shed 37% of its value.

The advertising technology industry has witnessed tremendous growth since the onset of the COVID-19 pandemic. And the momentum is expected to continue, driven by the rising number of internet users worldwide and robust online ad spending. Therefore, Wall Street analysts expect fundamentally sound adtech stocks Magnite (MGNI), The Trade Desk…

Shares of adtech companies fell on Wednesday morning on a report that Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google will stop cross-app tracking on Android phones, following a similar move by Apple Inc (NASDAQ:AAPL).  "We don't think there should be a forced choice between privacy and developers building their business," Anthony Chavez, VP of product management for Android…

The Trade Desk Inc (NASDAQ:TTD) reported fourth-quarter FY21 revenue growth of 24% year-on-year to $395.6 million, beating the consensus of $389.2 million. Customer retention remained over 95%, akin to the past eight years, and the adjusted EBITDA margin remained flat at 48%. Non-GAAP EPS of $0.42 beat the consensus of $0.28. Trade Desk…

The Trade Desk Inc (NASDAQ: TTD) is trading lower Wednesday morning despite announcing better-than-expected fourth-quarter financial results.

Trade Desk Inc (NASDAQ: TTD) is known for helping businesses optimize their digital advertising, and over the past 5 years, has also helped investors achieve eye-popping returns.