Trade Desk price target raised to $95 from $80 at Oppenheimer

Oppenheimer analyst Jason Helfstein raised the firm’s price target on Trade Desk to $95 from $80 and keeps an Outperform rating on the shares after its Q2 earnings beat and above-consensus guidance. The management was extremely excited about improving advertiser sentiment, with early success in OpenPath displacing ineffective SSPs, the analyst tells investors in a research note. With the company offering best-in-class Demand Side Platform and exposure to the fastest-growing parts of digital advertising, valuation is probably investors’ only real concern, the firm adds.