Loop Capital raised the firm’s price target on Trade Desk (TTD) to $109 from $102 and keeps a Buy rating on the shares. The analyst is citing the news that Netflix (NFLX) plans to move its ad-tech in-house, away from Microsoft (MSFT) and will include The Trade Desk among its DSP partners. Trade Desk’s strong market position is becoming even more entrenched, the firm tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TTD:
- Trade Desk price target raised to $115 from $110 at Wells Fargo
- Trade Desk price target raised to $110 from $105 at RBC Capital
- Trade Desk price target raised to $110 from $105 at Piper Sandler
- Trade Desk price target raised to $112 from $110 at Citi
- Trade Desk Reports Earnings: Did it Beat Estimate Forecasts?
Questions or Comments about the article? Write to editor@tipranks.com