Trade Desk shares slump on weak guidance and analyst downgrades
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Trade Desk shares fell sharply following disappointing Q1 earnings, with adjusted EPS of $0.28 missing estimates and revenue growth slowing to 12%. The company's Q2 revenue guidance of at least $750 million also fell short of expectations, leading to increased market caution. Additionally, several firms downgraded their ratings and price targets, citing competitive threats and weakening momentum.
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