The Trade Desk (TTD) PT Raised to $110 at RBC Capital

RBC Capital analyst Matthew Swanson raised the price target on The Trade Desk (NASDAQ: TTD) to $110.00 (from $105.00) while maintaining a Outperform rating.

The analyst comments "Trade Desk proved recent sentiment improvements were warranted with a no-drama quarter delivering a quality beat and raise with strength in profitability. While growth was broad-based across verticals and formats, CTV remains a highlight both in the quarter and strategically for the future. We continue to like Trade Desk's strategic positioning to further consolidate new and existing digital ad spend as we maintain our OP rating and raise our PT to $110 as we turn to CY/25 estimates."

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