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Fly News Breaks for February 28, 2020
TTD
Feb 28, 2020 | 09:31 EDT
RBC Capital analyst Mark Mahaney raised the firm's price target on Trade Desk to $300 from $250 and keeps an Outperform rating on the shares. The analyst sees the company's Q4 results as "strong", with revenue and gross spending guide calling for acceleration as it "benefits from Elections and Premium Inventory" such as CTV. Mahaney adds that given Trade Desk's strong customer retention and traction with large advertisers, the fundamentals for the company remain "largely robust".
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