Trade Desk price target raised to $140 from $110 at Piper Sandler

Piper Sandler analyst Matt Farrell raised the firm’s price target on Trade Desk (TTD) to $140 from $110 and keeps an Overweight rating on the shares following Q3 results. Piper contends the stock being down reflects the company’s strong momentum not meeting elevated buyside expectations The firm said it would be buyers on this “expectations driven” sell-off.