William Blair analyst Ralph Schackart has maintained their bullish stance on TTD stock, giving a Buy rating today.
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Ralph Schackart has given his Buy rating due to a combination of factors that highlight Trade Desk’s strong market position and growth potential. The company is experiencing a significant increase in multiyear business plans, with the number of live agreements at an all-time high, indicating robust future revenue streams. Additionally, Trade Desk’s customer retention remains exceptionally high at over 95%, showcasing its strong customer relationships and integration.
Moreover, the appointment of a new CFO, Alex Kayyal, who has a long-standing relationship with the company, is expected to bring strategic insights and leadership. The adoption of Trade Desk’s Kokai platform is progressing well, with a notable improvement in key performance indicators and increased client spending. The company also continues to see rapid growth in its connected TV channel, further supporting its optimistic outlook. These factors collectively contribute to Schackart’s positive assessment and Buy rating for Trade Desk.
According to TipRanks, Schackart is a 5-star analyst with an average return of 13.7% and a 62.34% success rate. Schackart covers the Communication Services sector, focusing on stocks such as Trade Desk, Roku, and EverQuote.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $102.00 price target.