Trade Desk price target raised to $142 from $140 at KeyBanc

KeyBanc analyst Justin Patterson raised the firm’s price target on Trade Desk (TTD) to $142 from $140 and keeps an Overweight rating on the shares. The firm believes The Trade Desk is benefiting from an improving ad market and should report better than expected Q4 results and deliver in-line to better than expected Q1 guidance. Big picture, KeyBanc believes ramps in CTV, retail media, audio, and OpenPath create a multi-year growth vector that should sustain 20%-plus annual growth with healthy margin expansion.