The Trade Desk (TTD) Has Fallen More Than 60% - but Analysts Are Turning Bullish Again

The Trade Desk, Inc. (NASDAQ:TTD) is one of the Best AI Stocks to Buy under $50. After peaking in late 2024, the stock has fallen more than 60% over the past year. While part of this plunge reflects a broader reset for some growth stocks, some weakness reflects company-specific disappointment, including management admitting that it fell short of its own expectations in Q4 2024.

Even so, the company’s underlying business seems to grow. The company reported third-quarter revenue of $739 million, an increase of 18% year over year.

On November 7, Benchmark upgraded the stock to “Buy” from Hold with a $65 price target. The company’s revenue growth, which was 22% excluding political ad spending, shows that earlier worries about the company falling behind the industry are beginning to fade.

Benchmark also highlighted new tools in its ad-buying platform, such as OpenPath, OpenAds, and Deal Desk, which are anticipated to be “critical differentiators driving significant AI efficiency gains” and counter commoditization concerns.

Similarly, Susquehanna lowered the firm’s price target on the stock to $85 from $135 and kept a Positive rating on the shares. The firm believes that following a “nice beat and raise” quarter, guidance indicates that that core growth could get back into the 20% year-over-year range to end the year. Overall, the firm remains constructive on the stock heading into 2026.

The Trade Desk, Inc. (NASDAQ:TTD) provides a self-service, cloud-based platform for advertisers to buy and manage data-driven digital ads across various channels.

While we acknowledge the potential of TTD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Trending AI Stocks on Wall Street and 10 AI Stocks Investors Are Watching Disclosure: None.