The Trade Desk shares are trading higher after VerticalScope Holdings announced that it adopted the company's OpenPass and OpenPath solutions. Also, Jefferies upgraded the stock from Hold to Buy and raised its price target from $95 to $105.
Portfolio Pulse from Benzinga Newsdesk
The Trade Desk's shares surged following VerticalScope Holdings' adoption of its OpenPass and OpenPath solutions. Additionally, Jefferies upgraded The Trade Desk's stock from Hold to Buy, increasing the price target from $95 to $105.
May 02, 2024 | 12:15 pm
News sentiment analysis
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POSITIVE IMPACT
The Trade Desk's stock is expected to experience a positive short-term impact due to VerticalScope Holdings adopting its solutions and an upgrade by Jefferies.
The adoption of The Trade Desk's solutions by VerticalScope Holdings signifies a strong vote of confidence in its technology, potentially leading to increased usage and revenue. The upgrade by Jefferies, a respected financial firm, further validates the company's growth prospects and could lead to increased investor interest and stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100