DA Davidson analyst Tom White raised the firm’s price target on Trade Desk to $92 from $77 and keeps a Buy rating on the shares. The company’s Q2 results saw revenue growth accelerate, driving a 10% EBITDA upside against the firm’s forecast, the analyst tells investors in a research note. While advertisers continue to face a relatively uncertain macro backdrop, Trade Des has stated that its overall visibility has continued to improve over the course of this year, the firm adds.
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