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Fly News Breaks for August 11, 2017
Aug 11, 2017 | 09:42 EDT
Needham analyst Kerry Rice said Trade Desk reported "strong" Q2 results, noting its revenue and EBITDA topped expectations, and he believes the company continued to take market share. Even with FY17 guidance being raised, Rice thinks Trade Desk estimates could prove conservative. He increased his price target on the stock to $62 from $56 and keeps a Buy rating on the shares.
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