The Trade Desk Positioned To Dominate AdTech: Analyst Maintains Buy Rating And Raises Price Target
Portfolio Pulse from Nabaparna Bhattacharya
Needham analyst Laura Martin has reiterated a Buy rating on The Trade Desk, Inc. (NASDAQ:TTD) and raised the price target to $100 from $80. TTD is the largest AdTech company under the analyst's coverage and is expected to benefit from the latest Generative AI trends. The company has been growing its revenues by more than 20% per year, and this trend is expected to continue through 2025. The analyst also praised TTD's strength in EBITDA margins, which have expanded from 32% in 2019 to 42% in 2022.
July 25, 2023 | 5:50 pm
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The Trade Desk, Inc. (NASDAQ:TTD) has received a reiterated Buy rating from Needham analyst Laura Martin, who also raised the price target to $100 from $80. The company's revenues have been growing by more than 20% per year, a trend expected to continue through 2025.
The analyst's positive outlook on TTD, including the raised price target and the expectation of continued revenue growth, is likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100