UBS analyst Chris Kuntarich initiated coverage of Trade Desk with a Buy rating and $100 price target. The analyst expects a more accelerated cadence of linear advertising budget migrations to connected TV in the U.S. Meanwhile, Trade Desk’s retail media partnerships are scaling outside of Walmart, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TTD:
- The Trade Desk (NASDAQ:TTD) Gains on New Analyst Coverage
- Constellation Brands upgraded, Block downgraded: Wall Street’s top analyst calls
- William Blair starts Trade Desk at Outperform on ‘substantial’ opportunity
- Trade Desk initiated with an Outperform at William Blair
- Trade Desk CTO Dave Pickles to step down