BTIG raised the firm’s price target on Trade Desk to $114 from $110 and keeps a Buy rating on the shares after its Q2 earnings beat. The company’s steady ad market, accelerating CTV trends, and FY25/FY26 optionality from CTV inventory expansion, Kokai adoption, and Retail Media uplifts, leaves the firm feeling better about the setup for Trade Desk heading into the second half of 2024 and 2025, the analyst tells investors in a research note.
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