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The Trade Desk shares plunge over 23% after disappointing Q2 earnings report.

ResultsRead the original at benzinga.com
Bad for TTD

The Trade Desk missed earnings and revenue estimates, leading to a significant drop in stock price.

TTD · The Trade Desk Inc.

AI read · Bad for TTD

The AI's read

TTD missed Q2 EPS and revenue and then guided Q3 well below Street estimates, a clear company-specific weakness. The market reacted violently, sending the stock sharply lower and signaling fresh downside pressure. The move is already large. Price is near the 52-week low and RSI sits subdued, so a lot of bad news is priced in but investor panic can extend losses. Bottom line: we lean bearish. Guidance and the magnitude of the selloff suggest more downside risk unless management quickly demonstrates stabilization.

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