Following disappointing Q2 performance, Trade Desk finds itself alongside Sezzle, Resmed, Ouster, and other major stocks declining in Friday's pre-market trading.

TTD · Trade Desk Inc

The AI's read

TTD reported worse-than-expected Q2 results and soft current-quarter revenue guidance, and shares plunged hard in pre-market. The company missed EPS (34c vs 40c) and revenue ($715.06M vs $751.39M), a clear earnings shock. The market reacted violently, sending the stock down about 33% into the close and back near its 52-week low. That size move means a lot of the downside is already reflected in price. Our take is cautious bearish. Downside can extend if ad demand proves weaker than management implies, but conviction is tempered because the market already front-ran much of the news.