Trade Desk Shares Rally After Another Analyst Raises Forecast
Portfolio Pulse from Priya Nigam
Trade Desk Inc (NASDAQ:TTD) shares rose after RBC Capital Markets analysts raised the price target from $77 to $85, and Morgan Stanley's Matthew Cost upgraded the rating from Equal-Weight to Overweight, raising the price target from $60 to $90. The company is well positioned to gain share in the growing CTV and Retail Media markets.
June 02, 2023 | 2:15 pm
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Trade Desk shares rose after analysts raised price targets and upgraded ratings, citing strong growth potential in CTV and Retail Media markets.
The article mentions that RBC Capital Markets analysts raised the price target for TTD from $77 to $85, and Morgan Stanley's Matthew Cost upgraded the rating from Equal-Weight to Overweight, raising the price target from $60 to $90. This indicates a positive outlook for the company's stock price, as it is well positioned to gain share in the growing CTV and Retail Media markets. The stock price rose 6.88% to $78.30 at the time of publishing, showing a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100