Why The Trade Desk (TTD) Stock Is Trading Higher
Portfolio Pulse from Ryan Gustafson
The Trade Desk (NASDAQ:TTD) stock is trading higher following positive analyst coverage from RBC Capital. Analyst Matthew Hedberg maintained an Outperform rating and raised the price target from $77 to $85, citing optimism surrounding the company's new CFO Laura Schenkein.

June 01, 2023 | 7:36 pm
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The Trade Desk stock is trading higher due to positive analyst coverage from RBC Capital, which raised the price target from $77 to $85.
The positive analyst coverage from RBC Capital, which maintained an Outperform rating and raised the price target for The Trade Desk, is driving the stock price higher. The optimism surrounding the company's new CFO, Laura Schenkein, and her integral role in the company's success, is likely to boost investor confidence and contribute to the stock's short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100