Truist raised the firm’s price target on Trade Desk (TTD) to $155 from $135 and keeps a Buy rating on the shares as part of a broader research note previewing Internet services for 2025. The firm notes that while its estimates for the stock remain unchanged, it is extending its discount cash flow model by an extra year to capture Trade Desk’s higher growth prospects in the outer years as the company continues to “grow faster for longer”, the analyst tells investors in a research note.
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