The Trade Desk (TTD) stock dropped more than 37% after releasing its Q2 earnings. The company reported adjusted earnings of 41 cents per share—meeting expectations—and revenue of $694 million, beating estimates. Despite this, the stock sank after the company projected slower Q3 growth and announced a CFO transition. Analysts reacted quickly, with Bank of America downgrading the stock and slashing its price target from $130 to $55.
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