Trade Desk stock falls as mixed earnings trigger price target cuts

The Trade Desk fell more than 12% in premarket trading after failing to meet all Wall Street expectations for the latest quarter. The miss points to softer-than-expected operating performance and is likely to pressure the stock near term. This is a company-specific earnings disappointment rather than a broader market event.

Analysis

The Trade Desk fell more than 12% in premarket trading after failing to meet all Wall Street expectations for the latest quarter. The miss points to softer-than-expected operating performance and is likely to pressure the stock near term. This is a company-specific earnings disappointment rather than a broader market event.