UBS Initiates Coverage On Trade Desk with Buy Rating, Announces Price Target of $100
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Chris Kuntarich has initiated coverage on Trade Desk (NASDAQ:TTD) with a Buy rating and a price target of $100.
September 28, 2023 | 11:16 am
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UBS has initiated coverage on Trade Desk with a Buy rating and a price target of $100, which could positively impact the stock's performance.
Analyst ratings and price targets can significantly influence a stock's performance. In this case, UBS, a reputable financial institution, has given Trade Desk a Buy rating and set a price target of $100. This suggests that they believe the stock is undervalued at its current price and has the potential to reach or exceed $100. This positive outlook could encourage investors to buy the stock, potentially driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100