Baird analyst Vikram Kesavabhotla initiated coverage of Trade Desk with an Outperform rating and $88 price target. The analyst expects the company to benefit from the recent innovation around Kokai and ongoing progress with OpenPath. In addition, Trade Desk is making progress on expanding into international regions, which represent a much higher portion of industry spend, the analyst tells investors in a research note. Baird says the business is well aligned with ongoing trends in the advertising industry.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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:
- Trade Desk price target raised to $100 from $82 at Wells Fargo
- Wells Fargo Analyst Remains Bullish about Trade Desk (NASDAQ: TTD)
- Trade Desk price target raised to $100 from $75 at Evercore ISI
- Trade Desk price target raised to $92 from $77 at DA Davidson
- Trade Desk price target raised to $105 from $90 at Susquehanna