RBC Capital raised the firm’s price target on Trade Desk to $110 from $105 and keeps an Outperform rating on the shares. The company proved recent sentiment improvements were warranted with a “no-drama quarter”, delivering a quality beat and raise with strength in profitability, the analyst tells investors in a research note. While growth was broad-based across verticals and formats, connected TV remains a highlight both in the quarter and strategically for the future, the firm added.
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