Trade Desk price target raised to $68 from $65 at Needham

Needham analyst Laura Martin raised the firm’s price target on Trade Desk to $68 from $65 and keeps a Buy rating on the shares following quarterly results. The firm notes Trade Desk disclosed weak December ad spending, and stated that each week of Q1 2023 has been stronger. Needham sees negative read-through to AdTech companies where their Q4 estimates are not low enough.