Benchmark Maintains Sell on Trade Desk, Raises Price Target to $42
Portfolio Pulse from jenniferd'souza@benzinga.com
Benchmark analyst Mark Zgutowicz maintains a 'Sell' rating on Trade Desk (NASDAQ:TTD) but raises the price target from $38 to $42.
August 09, 2023 | 4:59 pm
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Despite the raised price target from $38 to $42, Trade Desk's rating remains 'Sell' according to Benchmark analyst Mark Zgutowicz.
The 'Sell' rating maintained by the analyst indicates a negative outlook for the stock. However, the increase in price target suggests some potential upside, which might create mixed sentiment among investors. This could lead to short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100