Trade Desk price target raised to $110 from $90 at Citi

Citi raised the firm’s price target on Trade Desk to $110 from $90 and keeps a Buy rating on the shares. The company reported Q4 results well ahead of expectations, with guidance implying mid-20% growth, the analyst tells investors in a research note. The firm says that while the stock’s valuation “is at an extraordinary premium,” as estimates move up, it sees further growth upside in 2024.