Analysts See Strong Growth Potential For The Trade Desk Amid CTV Expansion And Stable Digital Ad Market
Portfolio Pulse from Nabaparna Bhattacharya
Analysts have provided positive ratings and price forecasts for The Trade Desk, Inc. (NASDAQ:TTD) following its second-quarter financial results, citing strong growth potential amid CTV expansion and a stable digital ad market. The stock is trading higher by 12.3% to $99.14.
August 09, 2024 | 7:16 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
RBC Capital Markets analyst noted no additional color on Netflix monetization, given the uncertain timing.
The mention of Netflix is brief and does not provide significant new information that would impact the stock price in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
POSITIVE IMPACT
Stifel analyst highlighted new partnerships with Roku, Inc. (NASDAQ:ROKU) as part of UID's adoption in CTV channels.
The mention of new partnerships with Roku as part of UID's adoption in CTV channels is positive and could have a favorable impact on the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 40
POSITIVE IMPACT
Analysts have reiterated positive ratings and increased price forecasts for The Trade Desk, Inc. (NASDAQ:TTD) following its strong Q2 results. The stock is trading higher by 12.3% to $99.14.
Multiple analysts have reiterated positive ratings and increased price forecasts for TTD, citing strong growth potential in the CTV market and stable digital ad landscape. This has led to a significant increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100