Trade Desk price target raised to $115 from $110 at Wells Fargo

Wells Fargo analyst Brian Fitzgerald raised the firm’s price target on Trade Desk to $115 from $110 and keeps an Overweight rating on the shares. Trade Desk’s results and guidance beat the Street’s estimates, the analyst tells investors in a research note. The firm’s analysis suggests a “dramatic” Q1 spend inflection, with multiple catalysts ahead.