Weak Earnings, Outlook Drag Shares of These 10 Firms on Thursday

2. Trade Desk Inc. (NASDAQ:TTD)

Trade Desk fell by 32.98 percent on Thursday to end at $81.92 apiece after it earned a downgraded rating from an investment research company.

On Thursday, Evercore ISI analyst Mark Mahaney cut his rating for TTD to “hold” from “buy” due to mixed financial results and underperformance in key areas, while also cutting his price target for the company by 33 percent to $90 from $135 previously.

The downgrade came after TTD missed internal revenue expectations for the first time in eight years, with figures settling at $741 million, or lower than analyst consensus of $758 million and internal guidance of $756 million.

In a statement, TTD CEO Jeff Green acknowledged the company’s performance in 2024, but said that he was disappointed “for falling short of our expectations in the fourth quarter.”

“In 2025 and beyond, we are uniquely positioned to help our clients take full advantage of data-driven advertising on the premium internet, helping them drive growth and brand loyalty for their businesses,” he said.