Core Viewpoint - The Trade Desk, Inc. (NASDAQ: TTD) is viewed positively, with a Buy rating reiterated, and the perceived threat from Amazon (AMZN) is considered misguided [1]. Company Overview - The Trade Desk is a technology company that specializes in digital advertising, providing a platform for ad buyers to manage their campaigns across various channels [1]. Investment Strategy - The investment strategy focuses on sustainable, growth-driven companies that aim to maximize shareholder equity [2]. - The family office fund led by Amrita emphasizes meeting growth-oriented goals while democratizing financial literacy [2]. Market Context - The article suggests that the competitive landscape, particularly regarding Amazon's influence, may not be as threatening to The Trade Desk as some analysts believe [1].

Group 1 - The Trade Desk, Inc. (NASDAQ: TTD) is viewed positively, with a reiterated Buy rating, and the perceived threat from Amazon (AMZN) is considered misguided [1] Group 2 - Amrita leads a boutique family office fund in Vancouver, focusing on sustainable, growth-driven companies to maximize shareholder equity [2] - The fund aims to break down complex financial concepts into easily digestible formats, enhancing financial literacy [2]

Core Viewpoint - The Trade Desk stock has experienced a significant decline, shifting from being the best performer in the Nasdaq 100 Index in 2024 to the worst performer, with a notable drop to a low of $46.50 [1] Company Performance - The Trade Desk's stock price fell sharply, indicating a reversal in its performance trajectory within the Nasdaq 100 Index [1] - The stock reached its lowest point at $46.50 on Wednesday, marking a significant downturn [1]

The U.S. stock market is poised for a pivotal day on Thursday, September 11, 2025, with investors keenly awaiting the release of the August Consumer Price Index (CPI) report. This crucial economic data point is expected to heavily influence expectations regarding the Federal Reserve's next move on interest rates, particularly after a surprisingly soft wholesale inflation report yesterday. Premarket trading activity indicates a cautious but generally positive sentiment, with major index futures showing sligh ...

摩根士丹利将Trade Desk的目标价从80美元下调至50美元，评级从"增持"下调至"持有"。(格隆汇) ...

Core Viewpoint - The Trade Desk, Inc. (NASDAQ:TTD) experienced a significant decline of 11.95% in stock price, closing at $46.14, following a downgrade by Morgan Stanley from "overweight" to "equal weight" and a reduction in price target from $80 to $50 [1][2]. Group 1: Downgrade and Price Target Adjustment - Morgan Stanley downgraded The Trade Desk due to concerns regarding the sustainability of its growth in the connected TV business, citing execution issues, a soft open web ad market, and increasing competition [2][3]. - The new price target of $50 represents a substantial decrease from the previous target of $80, reflecting the firm's cautious outlook on the company's future performance [1][2]. Group 2: Revenue Growth and Market Challenges - The Trade Desk's guidance for Q3 indicates a revenue growth of only 14%, raising concerns about ongoing challenges following a disappointing Q4:24 performance [3]. - Factors contributing to the negative outlook include pushback from advertisers and the rapid expansion of Amazon's advertising platform, which has recently partnered with Roku and Disney [3][4]. Group 3: Long-term Outlook - Morgan Stanley expressed that fundamental uncertainties and tough comparisons into 2026, along with headwinds in the open web space, suggest limited upside potential for The Trade Desk [4]. - The firm believes that while The Trade Desk has investment potential, other AI stocks may offer better returns with less downside risk [5].

Group 1 - Morgan Stanley downgraded The Trade Desk's investment rating from "Overweight" to "Market Perform" due to increasing concerns about the company's connected TV (CTV) business [1] - The Trade Desk's Q3 revenue growth guidance of 14% was below expectations, reigniting doubts about its performance and indicating ongoing challenges ahead [1] - Factors contributing to uncertainty include rising resistance from advertisers, Amazon's rapid expansion of its demand-side platform (DSP) through new deals with Roku and Disney, and risks to the company's gross billings (excluding CTV) due to a weak open web advertising market [1] Group 2 - Morgan Stanley believes that fundamental uncertainties, a challenging year-over-year comparison in 2026, and resistance in the open web advertising market limit The Trade Desk's stock upside potential, making risk and reward more balanced [2] - The target price for The Trade Desk was lowered from $80 to $50, indicating nearly a 4% downside from the current price [2]

Core Insights - The Trade Desk's stock is experiencing significant declines, down 12.1% following news of Netflix's integration with Amazon's DSP and a downgrade from Morgan Stanley [1][5] - The Trade Desk has been the worst-performing stock in the S&P 500 this year, facing challenges from competition, particularly from Amazon [3] - The partnership between Netflix and Amazon will enhance Amazon's DSP attractiveness to advertisers, further complicating The Trade Desk's competitive landscape [4] Company Performance - The Trade Desk's growth has slowed, leading to poor stock performance in two of the last three earnings reports, raising concerns among investors [6] - Morgan Stanley downgraded The Trade Desk's rating from overweight to equal weight and reduced its price target from $80 to $50, citing "mounting headwinds" [5] Competitive Landscape - Amazon is emerging as a significant competitor in connected TV, having signed a deal with Roku and integrating its DSP with major streaming services [7] - The collaboration between Netflix and Amazon represents a strengthening of "walled gardens," which poses a challenge for The Trade Desk [4]

Core Insights - The Trade Desk faces increasing competition from Amazon, which has partnered with Netflix to allow advertisers to use Amazon's DSP for ad purchases on the platform starting in Q4 [1][2] - Amazon's strategy aims to surpass The Trade Desk and Google to become the leading DSP globally, intensifying the rivalry between the two companies [2] - Morgan Stanley downgraded The Trade Desk's stock from overweight to equal-weight and reduced the price target from $80 to $50, citing execution concerns and competition in the connected-TV space [3][4] Company Performance - The Trade Desk's shares fell over 10% on the day of the news and have declined over 60% year-to-date [4] - Analysts from Lightshed Partners noted that it is evident The Trade Desk is under significant competitive pressure [9] Market Dynamics - Amazon has been securing key media partnerships that previously benefited The Trade Desk, including recent deals with Roku and Disney [3] - The Trade Desk's CEO, Jeff Green, downplayed Amazon as a competitor, but this perspective has not gained traction among analysts [8] Company Response - A spokesperson for The Trade Desk emphasized the company's belief in an open and competitive marketplace, suggesting that competition could enhance their opportunities [10]

Core Viewpoint - The Trade Desk (TTD) experienced a decline of over 8.7%, closing at $47.83, following the announcement of a partnership between Amazon and Netflix, which will allow advertisers to access Netflix's premium ad inventory through Amazon's Demand-Side Platform (DSP) starting in Q4 2025 [1] Group 1 - The partnership between Amazon and Netflix will launch in 11 countries, including the United States, United Kingdom, Germany, and Japan [1] - The collaboration is expected to enhance competition in the advertising technology space, impacting companies like The Trade Desk [1]