Yahoo Finance

BMO Capital analyst Brian Pitz raised the firm’s price target on Trade Desk (TTD) to $160 from $125 and keeps an Outperform rating on the shares ahead of its Q4 results. The firm notes that its expert checks suggest a strong connected TV performance, which should flow through to solid performance for the shares, the analyst tells investors in a research note. Trade Desk remains best positioned on the demand side to benefit from $150B linear ad shifts to CTV, BMO added.

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