Truist analyst Youssef Squali raised the firm’s price target on Trade Desk (TTD) to $135 from $120 and keeps a Buy rating on the shares after its Q3 earnings beat. The company’s execution remains exceptional amid a volatile digital ad market, with the strong momentum and share gains being driven by CTV given its rapid adoption in the U.S. and internationally, the analyst tells investors in a research note.
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 $130 at Baird
- Trade Desk price target raised to $150 from $140 at UBS
- The Trade Desk Reports Strong Q3 2024 Results
- Closing Bell Movers: Toast gains 19% afterhours after earnings beat
- TTD Earnings: The Trade Desk’s Financial Results Beat Wall Street Estimates