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. The firm cites slightly higher target multiple and slightly lower discount rate. Management is “extremely excited” about improving advertiser sentiment, with early success in OpenPath displacing ineffective SSPs, allowing more efficient buying, Oppenheimer adds.
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Read More on TTD:
- Wells Fargo Analyst Remains Bullish about Trade Desk (NASDAQ: TTD)
- Trade Desk price target raised to $95 from $80 at Oppenheimer
- The Trade Desk (NASDAQ:TTD) Tanks despite Strong Earnings, Guidance
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