Loop Capital raised the firm’s price target on Trade Desk to $120 from $109 and keeps a Buy rating on the shares. The firm cites the company’s “strong” Q2 results as it continues to expand as a key platform for ad buyers and an important driver of monetization for publishers, the analyst tells investors in a research note. Trade Desk is increasingly well positioned to serve retailers while integrating shopper data into the ecosystem to drive incremental value to all constituents, the firm added.
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