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Fly News Breaks for February 28, 2020
TTD
Feb 28, 2020 | 07:14 EDT
Stephens analyst Kyle Evans said Trade Desk reported "solid" Q4 results and gave 2020 guidance that appears conservative to him. Record spending on the platform in Q4 and the company's expectation for spend acceleration on the platform are "clear indicators that its profitable land grab strategy on the buy-side of the digital ad ecosystem is working," contends Evans, who raised his price target on Trade Desk shares to $310 from $250 and would buy shares on a dip.