Truist raised the firm’s price target on Trade Desk to $108 from $105 and keeps a Buy rating on the shares. The analyst cites the company’s Q2 earnings beat and a “stronger” Q3 guide. Trade Desk’s execution remains exceptional amid a volatile digital ad environment, with the strong momentum and market share gains driven by connected-TV business given its rapid adoption in the U.S. and internationally, the analyst tells investors in a research note.
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