The Trade Desk (TTD.US) had its rating downgraded by Susquehanna, with the target price slashed by nearly 60%. The stock price once fell sharply by about 26%.

The Trade Desk (TTD.US), a digital advertising technology company, saw its stock price plummet significantly on Friday, with a decline that briefly reached around 26% after opening. This drop followed the downgrade of the company's rating from "Positive" to "Neutral" by investment bank Susquehanna, which also cut its target price from $34 to $14, citing challenges in the companys short-term execution, weak demand from advertisers, and pressure on growth prospects.