Trade Desk Stock (TTD): $105 Price Target From Jefferies

By Amit Chowdhry ● Jan 14, 2022
  • The shares of Trade Desk Inc (NASDAQ: TTD) have received a $105 price target from Jefferies. These are the details.

The shares of Trade Desk Inc (NASDAQ: TTD) have received a $105 price target from Jefferies. And Jefferies analyst Brent Thill upgraded Trade Desk to a “Buy” rating from a “Hold” rating while increasing the price target from $100.

Thill highlighted 5 key reasons to be positive on the company for this year. For example, Thill noted that this year’s estimates appear overly conservative and that programmatic CTV adoption may be reaching an inflection point.

Plus the Trade Desk’s partnership with Walmart should accelerate the company’s push into retail media and the company is well-positioned to weather Apple’s iOS privacy changes. And Trade Desk’s Solimar is the company’s biggest product refresh since Next Wave and could similarly help drive a revenue growth acceleration like that launch had in 2018.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.