Trade Desk price target raised to $100 from $80 at Needham

Needham raised the firm’s price target on Trade Desk to $100 from $80 and keeps a Buy rating on the shares. The company’s pace of introducing new platforms and products has been rapid, launching a new platform every two years and new product lines every year, the analyst tells investors in a research note. Trade Desk’s free cash flow and ROIC have also been improving, the firm adds.