Trade Desk price target raised to $76 from $60 at Citi

Citi analyst Ygal Arounian raised the firm’s price target on Trade Desk to $76 from $60 and keeps a Buy rating on the shares post the Q4 results. While the magnitude of the beat "was not massive," the results give further confidence in Trade Desk’s share gain position within digital advertising, the analyst tells investors in a research note. The firm believes the company’s "core strengths are too strong to ignore."