Trade Desk price target raised to $100 from $77 at Macquarie

Macquarie raised the firm’s price target on Trade Desk to $100 from $77 and keeps an Outperform rating on the shares. Trade Desk bounced back from soft guidance last quarter to deliver a resounding beat and raise on Q4 results, and while management spoke of 2024 as a year of volatility given ad market changes, it expects these to work to its benefit, the analyst tells investors in a research note.