Trade Desk (TTD) Stock News

The Trade Desk is set to be removed from the S&P 500 later this month, according to new reports. The stock is the worst performer in the index so far in 2026.

S&P 500 index composition is changing. Bloom Energy, Everpure, and Illumina will join; Molson Coors, Trade Desk, and Builders FirstSource will be removed.

The Trade Desk is laying off about 15% of its global workforce, expecting $39M-$51M in cash restructuring charges and a $4M-$5M SBC reversal. Cuts should be substantially done in Q3.

Raymond James downgraded TTD to Underperform. Analyst Aaron Kessler cited a below-expectations Q2, a sharply negative Q3 outlook, macro headwinds, and buyer preference for lower-cost media. He noted TTD's first-ever non-pandemic YoY revenue decline and margin deleverage, saying the valuation premium is unjustified.