Information Provided By:
Fly News Breaks for February 28, 2020
TTD
Feb 28, 2020 | 08:35 EDT
Rosenblatt analyst Mark Zgutowicz raised the firm's price target on Trade Desk to $202 from $188 and keeps a Neutral rating on the shares, stating that the company reported "respectable" Q4 results along with "strong" Q1 guidance. He prefers to remain on the sidelines as he continues to anticipate a "mean reversion" after Trade Desk has outgrown its addressable RTB industry in recent years, Zgutowicz said.