Trade Desk price target raised to $110 from $105 at Piper Sandler

Piper Sandler analyst Matt Farrell raised the firm’s price target on Trade Desk to $110 from $105 and keeps an Overweight rating on the shares. The firm remains impressed with the company’s execution, particularly across CTV. Not only does it remain the fastest growing channel for Trade Desk, but the company continues to announce partnership agreements that demonstrate the strength of the platform. Overall, Piper continues to view Trade Desk as a unique asset within digital advertising, and believes investors should have Trade Desk as a core long-term holding.