Analyst Laura Martin of Needham maintained a Buy rating on Trade Desk (TTD – Research Report), with a price target of $145.00.
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Laura Martin has given her Buy rating due to a combination of factors related to Trade Desk’s performance and outlook. Despite the company’s recent earnings report indicating a slight miss in revenue and EBITDA expectations, Martin believes this is a temporary setback specific to Trade Desk rather than a broader issue affecting the Open Internet sector.
Martin acknowledges the company’s strong year-over-year growth in revenue, EBITDA, and EPS, which showcases its resilience and potential for future improvement. Additionally, she expresses confidence in the leadership’s commitment to addressing the challenges and ensuring that the company does not repeat this performance miss. Consequently, while estimates have been adjusted, Martin maintains a positive outlook on Trade Desk’s ability to recover and thrive, justifying the Buy rating.
In another report released today, JMP Securities also reiterated a Buy rating on the stock with a $115.00 price target.