Trade Desk price target raised to $95 from $78 at DA Davidson

DA Davidson raised the firm’s price target on Trade Desk to $95 from $78 and keeps a Buy rating on the shares. The company’s Q4 results were “solidly” ahead of expectations as the advertiser cautiousness that the management described early in the quarter proved transitory, the analyst tells investors in a research note. Trade Desk’s typical growth drivers – Connected TV, International, Retail Media – all recovered nicely during the quarter, the firm adds.