Benchmark Maintains Sell on Trade Desk, Raises Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Mark Zgutowicz has maintained a Sell rating on Trade Desk (NASDAQ:TTD) but raised the price target from $32 to $42.
February 16, 2024 | 8:54 pm
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Benchmark analyst maintains Sell rating on Trade Desk but increases price target from $32 to $42.
While the Sell rating suggests a negative outlook on the stock, the increase in price target from $32 to $42 indicates a less bearish view than before. This mixed signal could lead to short-term uncertainty among investors, potentially causing volatility in the stock's price. However, the direct impact on the stock price is uncertain due to the conflicting signals of maintaining a Sell rating while increasing the price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100