Baird raised the firm’s price target on Trade Desk to $130 from $110 and keeps an Outperform rating on the shares. The firm thinks its momentum will continue from here as the company executes against a compelling set of new tailwinds/opportunities forming in 2H24 and F25. Admittedly, valuation remains relatively rich; but Baird thinks it is warranted given the unique qualities of this business, which should support healthy long-term growth and profitability.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TTD:
- Trade Desk price target raised to $120 from $110 at RBC Capital
- Trade Desk price target raised to $108 from $105 at Truist
- Trade Desk price target raised to $114 from $110 at BTIG
- Trade Desk price target raised to $135 from $110 at Susquehanna
- Trade Desk price target raised to $115 from $112 at Citi