🔴 Trade Desk is trading 6% down today after weak Q2 results and analyst downgrade

Trade Desk is trading at $12.98, -5.91% now after investors continued repricing the company following its August 6 earnings report.

• Q2 revenue reached $715 million, up only 3% year over year; adjusted EPS was $0.34 versus $0.40 expected.
• Management guided for at least $650 million of Q3 revenue and approximately $160 million adjusted EBITDA.
• HSBC downgraded the stock to Reduce with a $10 target on August 10.