Netflix Is Boosting The Trade Desk Stock Thursday: Here's What You Need To Know
Portfolio Pulse from Vaishali Prayag
The Trade Desk Inc (NASDAQ:TTD) shares surged following Netflix Inc's (NASDAQ:NFLX) announcement to launch an in-house advertising technology platform by the end of 2025. Netflix plans to include The Trade Desk as one of its main programmatic partners, boosting TTD's market position. Analysts remain bullish on TTD, raising price targets.
May 16, 2024 | 6:49 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Netflix's announcement to launch an in-house ad tech platform and include The Trade Desk as a programmatic partner is a strategic move to enhance its advertising capabilities.
Netflix's strategic move to launch an in-house ad tech platform and include The Trade Desk as a partner is likely to enhance its advertising capabilities, potentially boosting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
The Trade Desk shares surged 3.44% following Netflix's announcement to include TTD in its new ad tech platform. Analysts are bullish, raising price targets.
The inclusion of The Trade Desk in Netflix's new ad tech platform is a significant development, likely to increase demand for TTD's advertising solutions. Analysts' bullish ratings and raised price targets further support a positive short-term impact on TTD's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100