Should You Buy The Trade Desk Stock After Its 40% Crash Post-Earnings? Wall Street Says This Will Happen Next.
The Trade Desk (NASDAQ: TTD) had its worst day as a public company on Friday, Aug. 8. Shares dropped nearly 40% as investors processed second-quarter financial results, the departure of CFO Alex Kayyal, and a cautious outlook due to tariff uncertainty.
Most Wall Street analysts think the market overreacted. The Trade Desk still has a median target price of $80 per share, which implies 48% upside from its current share price of $54. However, forecasts range from $45 per share at the low end (implying 17% downside) to $135 per share at the high end (implying 150% upside).
Here's what investors should know before buying the post-earnings dip.
Source Fool.com
