• Morgan Stanley lowered its price target on the stock to $13 from $26 and keeps an ‘Equal Weight’ rating on the shares.

• The company announced revenue guidance of at least $650 million for the third quarter, which fell short of the consensus estimate of $670.88 million.

• The firm highlighted that customer retention remained over 95% during the quarter, as it has for over a decade.

Shares of Trade Desk (TTD) were in the spotlight on Monday after analysts expressed skepticism following the company’s second-quarter (Q2) results.

Trade Desk announced revenue of $715.06 million in Q2 compared to an estimated $751.35 million, according to Fiscal.ai. Adjusted earnings per share (EPS) came in at…