Trade Desk price target raised to $65 from $55 at Piper Sandler

Piper Sandler analyst Thomas Champion raised the firm’s price target on Trade Desk (TTD) to $65 from $55 and keeps a Neutral rating on the shares. The firm notes the company reported a strong Q1 2025 print following a weaker Q4 2024 result that drove the stock down over 50% year-to-date prior to the print. Piper likes Trade Desk’s model and proximity to the CTV space, but recent ad checks were cautious. The firm also worries about competition from Amazon (AMZN) and others. That said, this result was definitely a step in the right direction, Piper argues.