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Fly News Breaks for September 26, 2019
Sep 26, 2019 | 06:08 EDT
Nomura Instinet analyst Mark Kelley last night upgraded Trade Desk to Neutral from Reduce and raised his price target for the shares to $175 from $165. The analyst upgraded the shares after rotating this valuation methodology to his 2021 estimates. While he still has concerns about Trade Desk's core business "quickly approaching industry growth," he believes the stock's 22% decline since mid-June indicates expectations have been "appropriately reset."
News For TTD From the Last 2 Days
Feb 28, 2020 | 11:12 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. JEFFERIES BOOSTS DOLLAR... To see the rest of the story go to See Story Here
Feb 28, 2020 | 09:31 EST
RBC Capital analyst Mark Mahaney raised the firm's price target on Trade Desk to $300 from $250 and keeps an Outperform rating on the shares. The analyst sees the company's Q4 results as "strong", with revenue and gross spending guide calling for acceleration as it "benefits from Elections and Premium Inventory" such as CTV. Mahaney adds that given Trade Desk's strong customer retention and traction with large advertisers, the fundamentals for the company remain "largely robust".
Feb 28, 2020 | 09:03 EDT
HIGHER AMID CORONAVIRUS FEARS: Altimmune (ALT), up 117% after announcing the advancement of a novel single-dose, intranasal vaccine to protect against COVID-19Lakeland Industries (LAKE), up 35%, and Alpha Pro Tech (APT), up 44%, amid continued headlines on the ongoing health scare related to the coronavirus. Both make protective... To see the rest of the story go to See Story Here
Feb 28, 2020 | 07:22 EST
Wells Fargo analyst Brian Fitzgerald upgraded Trade Desk to Overweight from Equal Weight, citing 2020 spend inflection, as well as a more attractive risk/reward after the stock's recent pullback.
Feb 27, 2020 | 19:12 EST
UP AFTER EARNINGS: comScore (SCOR) up 20.5%... Farfetch (FTCH) up 15.7%... Zynex (ZYXI) up 11.6%... Southwestern Energy (SWN) up 10.0%... iCAD (ICAD) up 10.0%... NeoPhotonics (NPTN) up 10.0%... AMC Entertainment (AMC) up 8.1%... Trade Desk (TTD) up 6.2%... Nektar Therapeutics (NKTR) up 5.9%...Fortress Transportation (FTAI) up 4.0%... Workday (WDAY) up 2.5%... Live Nation (LYV) up 2.2%... OptimizeRX (OPRX) up 2.1%. ALSO HIGHER: Sangamo (SGMO) up 39.5% after entering gene regulation therapy partnership with Biogen... Forty Seven (FTSV) up 29.1% after Bloomberg speculation about approach from Gilead... Biohaven (BHVN) up 6.0% after getting FDA approval for acute treatment of migraine... Garden Denver (GDI) up 2.1% after entering S&P500 index... DOWN AFTER EARNINGS: Big Lots (BIG) down 28.3%... Gulfport Energy (GPOR) down 11.1%... Beyond Meat (BYND) down 10.0%... Sunrun (RUN) down 10.0%... Coherus BioSciences (CHRS) down 8.8%... Glaukos (GKOS) down 7.5%... Applied Optoelectronics (AAOI) down 6.8%... VMWare (VMW) down 6.0%... Eventbrite (EB) down 5.4%... Axon Enterprise (AAXN) down 4.2%... Mylan (MYL) down 3.6%... iQIYI (IQ) down 3.4%... Spectrum Pharma (SPPI) down 3.3%... Dell Technologies (DELL) down 3.3%... Cara Therapeutics (CARA) down 3.2%... Autodesk (ADSK) down 2.6%... Rigel Pharma (RIGL) down 2.5%... Pure Storage (PSTG) down 2.1%. ALSO LOWER: Bed Bath Beyond (BBBY) down 2.0% after announcing strategic restructuring and job cuts. Movers as of 18:30ET.
Feb 27, 2020 | 13:50 EST
Notable companies reporting after the market close, with earnings consensus, include VMware (VMW), consensus $2.17... Autodesk (ADSK), consensus 89c... Workday (WDAY), consensus 40c... Monster Beverage (MNST), consensus 47c... Dell Technologies (DELL), consensus $2.02... Live Nation (LYV), consensus (71c)... Trade Desk (TTD), consensus $1.17... Mylan (MYL), consensus $1.28... Beyond Meat (BYND), consensus 1c... Pure Storage (PSTG), consensus 21c... Sunrun (RUN), consensus 21c... Big Lots (BIG), consensus $2.52... AMC Entertainment (AMC), consensus 2c... NeoPhotonics (NPTN), consensus 10c... Applied Optoelectronics (AAOI), consensus (23c).