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Fly News Breaks for August 9, 2019
TTD
Aug 9, 2019 | 08:50 EDT
RBC Capital analyst Mark Mahaney raised his price target on Trade Desk to $250 after its "beat and raise" Q2 results driven by the "strong customer retention" above 95% and its good geographic growth with record spend in Paris, Madrid, Hong Kong, Jakarta and Sydney. The analyst keeps his Sector Perform rating on the stock however, noting that while Trade Desk remains "very well-positioned to address the digital advertising market", its growth potential is "mostly priced in now".
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