Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

Trade Desk guides Q3 revenue above $650M after weak Q2

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TTD
Trade Desk guides Q3 revenue above $650M after weak Q2
  • The Trade Desk guided Q3 revenue to at least $650 million while launching a Zuma usability upgrade.
  • Management said revenue growth in the quarter came in below expectations and below the company standard.
  • Evercore ISI kept an Outperform rating and $27 price target, saying the stock had fallen more than 50% year to date and that Q3 guidance had more upside than downside.

Quotes

“Our revenue growth is below our expectations and below the standard we hold ourselves to”— Jeffrey Green, CEO, The Trade Desk
“reiterated an Outperform rating and $27.00 price target”— Evercore ISI

Sources

Trade Desk guides Q3 revenue above $650M after weak Q2 — Heurist Finance