Citi analyst Ygal Arounian has maintained their bullish stance on TTD stock, giving a Buy rating on June 27.
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Ygal Arounian has given his Buy rating due to a combination of factors that suggest potential upside for Trade Desk’s stock. One of the key reasons is the positive macroeconomic environment, which has shown significant improvement since early May, leading to better-than-expected spending in the second quarter of 2025. This optimism was further reinforced by insights gained at the Cannes Lions advertising conference.
Additionally, strong trends in connected TV (CTV) and the company’s differentiation from competitors like Amazon’s DSP contribute to the positive outlook. Arounian believes that there is ample growth opportunity for both platforms. Furthermore, with Trade Desk’s shares currently trading at approximately 26 times the estimated 2026 EBITDA, there is potential for the valuation multiples to increase if the company surpasses its second-quarter expectations.
In another report released on June 27, Bank of America Securities also maintained a Buy rating on the stock with a $130.00 price target.