Macquarie raised the firm’s price target on Trade Desk (TTD) to $133 from $130 and keeps an Outperform rating on the shares. The company reported strong 27% revenue growth and 41% adjusted EBITDA margin in Q3, but the Q4 revenue guidance looks a little light at 25%, the analyst tells investors in a research note. The firm says management highlighted several growth vectors that can continue to drive consistent growth.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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 $140 from $110 at Piper Sandler
- Trade Desk price target raised to $150 from $135 at Susquehanna
- Trade Desk price target raised to $135 from $120 at Truist
- Trade Desk price target raised to $140 from $130 at Baird
- Trade Desk price target raised to $150 from $140 at UBS