BMO Capital analyst Brian Pitz raised the firm’s price target on Trade Desk (TTD) to $160 from $125 and keeps an Outperform rating on the shares ahead of its Q4 results. The firm notes that its expert checks suggest a strong connected TV performance, which should flow through to solid performance for the shares, the analyst tells investors in a research note. Trade Desk remains best positioned on the demand side to benefit from $150B linear ad shifts to CTV, BMO added.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
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 $145 from $130 at Morgan Stanley
- Trade Desk price target raised to $140 from $130 at KeyBanc
- Trade Desk price target raised to $115 from $110 at Cantor Fitzgerald
- Trade Desk price target raised to $145 from $135 at Wedbush
- Trade Desk price target raised to $140 from $136 at RBC Capital