Trade Desk price target raised to $136 from $111 at Stifel

Stifel raised the firm’s price target on Trade Desk to $136 from $111 and keeps a Buy rating on the shares. The analyst tells investors in a Q3 preview for the digital advertising group that the firm’s checks suggest accelerating growth was seen in Q3 ahead of agency initial forecasts, which it expects to carry into Q4 with the U.S. election advertising environment ramping and “a fairly robust holiday season.”