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

Truist analyst Youssef Squali raised the firm’s price target on Trade Desk to $100 from $80 and keeps a Buy rating on the shares after its Q4 results and above-consensus guidance. The company’s execution remains exceptional amid a volatile digital ad environment, reflecting further market share gains, the analyst tells investors in a research note. Strength is being driven by Connected TV given its rapid adoption in the U.S. and overseas, fueled by growing inventory from ad-supported streaming service, the firm added.