Trade Desk price target raised to $100 from $75 at KeyBanc

KeyBanc raised the firm’s price target on Trade Desk to $100 from $75 and keeps an Overweight rating on the shares. The firm expects at least $463M in Q2 revenue versus consensus of $453M, and anticipates guidance of at least $480M. Big picture, KeyBanc believes CTV and retail media create a meaningful tailwind to revenue and EBITDA, with several catalysts ahead.