BusinessIndustry TrendMay 11, 2026
HSBC cuts Trade Desk to Reduce, sets $20 target
HSBC downgraded Trade Desk's stock rating to 'Reduce' from 'Hold,' setting a price target of $20 per share. This financial action was announced on Monday.
Key Takeaways
- HSBC lowered Trade Desk (NASDAQ: TTD) to Reduce from Hold.
- The new HSBC price target is $20 per share.
- The rating action was announced on Monday.
- The price target sits below where Trade Desk shares were trading, according to the article.
Why It Matters
This is another negative analyst call on Trade Desk, and HSBC’s $20 target gives the downgrade a clear price anchor rather than just a softer stance. For streaming-adjacent buyers and sellers, it adds another data point on how Wall Street is viewing the ad-tech name tied to connected TV and programmatic spend. The immediate signal is pressure on sentiment; the broader read is that Trade Desk remains under close scrutiny from analysts. Watch how other firms update their ratings and targets after HSBC’s move.
Read full article at 247wallst.com