Trade Desk Inc (NASDAQ:TTD) is one of the 13 Best Revenue Growth Stocks to Buy Right Now. On February 2, Cathie Wood’s ARK ETF divested a significant portion of its holdings in Trade Desk Inc (TTD), offloading 1,931,578 shares for nearly $58.6 million.
Earlier in the month, Wells Fargo maintained an Equal Weight rating on the stock with a price target of $42. In a research note, Wells Fargo said the sudden resignation of the company’s chief financial officer is a sign of “continued fundamental and narrative volatility.” Management turnover is likely a factor that makes it harder for Trade Desk to compete with Amazon’s (AMZN) demand-side platform, according to the note. Wells Fargo recommends that the company seek a candidate with public-company CFO experience, which neither of its former CFOs had. In the past month, a number of research firms cut their price targets on Trade Desk: Rosenblatt lowered the price target to $53 from $64, Truist to $60 from $65, Citi to $38 from $50, Stifel to $75 from $90, and BofA to $40 from $49. Trade Desk is an independent demand-side platform for programmatic digital advertising, empowering ad buyers to purchase and optimize display, video, audio, and connected TV inventory across the open internet in real time. While we acknowledge the potential of TTD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Software Infrastructure Stocks to Buy According to Hedge Funds and Cathie Wood’s Stock Portfolio: Top 10 Stocks to Buy. Disclosure: None. This article is originally published at Insider Monkey.
