Citi analyst Ygal Arounian raised the firm’s price target on Trade Desk to $96 from $86 and keeps a Buy rating on the shares. The company reported strong Q2 results ahead of consensus with guidance slightly ahead, the analyst tells investors in a research note. While management noted it is seeing improvements in the macro environment, it is still a net drag, while fundamentals continue to get stronger for Trade Desk, says the firm.
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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
- Trade Desk sees Q3 revenue at least $485M, consensus $479.61M
- Trade Desk reports Q2 EPS 28c, consensus 26c