The Trade Desk Dips to Fresh 52-Week Low Despite Confirmed Q4 Outlook

Key facts at a glance
- New 52-week low: $26.01 (yesterday)
- Confirmed Q4 guidance: Revenue at least $840 million, adjusted EBITDA around $375 million
- Expected revenue growth: about 13% year over year
- CFO transition: Tahnil Davis named interim CFO as of the end of January
- New price targets: KeyBanc $40 (from $88), Rosenblatt $53 (from $64), Truist $60 (from $85)

Forecast confirmed ? but the stock still slides

Despite reaffirming its fourth-quarter targets, The Trade Desk did not receive relief from the market. The company reiterated an expected revenue floor of $840 million and adjusted EBITDA near $375 million for Q4 2025, implying roughly a 13% year-over-year revenue increase. Yet the confirmation did little to stabilize the stock, which continued to press lower and hit the fresh 52-week trough of $26.01.

CFO change weighs on sentiment

A potential source of unease is the leadership transition in the finance department. Tahnil Davis was appointed interim CFO at the end of January after the departure of the prior CFO. While Davis is a long-tenured employee, the leadership shift ahead of the quarterly results has added an extra layer of caution among investors.

Analysts trim price targets ? numbers come into view later this month

Should investors sell immediately? Or is it worth buying The Trade Desk?

Several research desks lowered their outlooks in light of a more cautious growth trajectory for the sector and increased competitive pressure in digital advertising. KeyBanc reduced its target to $40 (from $88), citing a softer growth outlook for the space. Rosenblatt Securities trimmed its target to $53 (from $64) while maintaining a Buy rating. Truist lowered its target to $60 (from $85).

Prodding headwinds cited include macroeconomic uncertainty and intensified competition from major ?Walled Gardens? in the digital ad ecosystem, notably Amazon and Meta Platforms.

What?s next

The market?s focus will shift to the full Q4 2025 report, slated for release around the end of February. Investors will be looking for greater clarity on the permanent CFO successor and the company?s growth strategy for 2026.

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