Trade Desk upgraded to Buy from Hold at Benchmark

Benchmark upgraded Trade Desk (TTD) to Buy from Hold with a $65 price target Revenue ex-political acceleration to about 22% year-over-year growth supports the notion that the firm’s prior perceived relative industry growth hurdles are generally in the rearview, the analyst tells investors. Forward supply chain innovations – including OpenPath, OpenAds, and Deal Desk – will be “critical differentiators driving significant AI efficiency gains,” countering commoditization concerns, the analyst added.