BofA Securities Reiterates Buy Rating on The Trade Desk (TTD)

BofA Securities analyst Jessica Reif Ehrlich reiterated a Buy rating and $135.00 price target on The Trade Desk (NASDAQ: TTD).

The analyst comments "We are confident that The Trade Desk’s (TTD) 3Q24 results will be at least in line with guidance on revenue and adj. EBITDA. Generally, the ad market remains stable. Indications are that political advertising picked up in August and really strengthened in September (after a weaker July) and that this will be a robust political cycle. It remains to be seen whether the Fed’s 50bps rate cut leads to an acceleration in the overall advertising market. TTD’s partnership with Netflix remains nascent and not material to the model at this point but should become a meaningful contributor in late CY25/CY26."

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 $109.36 yesterday.

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