Jefferies Starts The Trade Desk (TTD) at Buy

October 17, 2016 7:00 AM EDT
Get Alerts TTD Hot Sheet
Price: $27.41 --0%

Rating Summary:
    6 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 24 | New: 11
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Jefferies initiates coverage on The Trade Desk (NASDAQ: TTD) with a Buy rating and a price target of $35.00.

Analyst Brian Fitzgerald commented, "TTD is a leading buy-side Agency focused ad tech platform, benefiting from the continuing shift to programmatic advertising. Extensive data/tools allow its clients to manage & execute data-driven ad campaigns across multiple devices, screens and formats. Intl expansion, omni-channel extension (digital TV & audio), and increasing ad spend penetration represent compelling growth levers. We initiate with a Buy ($35 PT)."

NOTE: Jefferies was joint IPO bookrunner.

For an analyst ratings summary and ratings history on The Trade Desk click here. For more ratings news on The Trade Desk click here.

Shares of The Trade Desk closed at $26.36 yesterday.



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