Trade Desk price target raised to $105 from $85 at Oppenheimer

Oppenheimer analyst Jason Helfstein raised the firm’s price target on Trade Desk to $105 from $85 and keeps an Outperform rating on the shares. Trade Desk is guiding to accelerating ad demand, even before political advertising, providing concrete examples of how Unified ID Solution 2.0 adoption should more than offset the negative impact of Chrome cookie deprecation, the analyst tells investors in a research note.