Trade Desk (TTD – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Ygal Arounian from Citi maintained a Buy rating on the stock and has a $108.00 price target.
Ygal Arounian has given his Buy rating due to a combination of factors that highlight Trade Desk’s strong positioning in the connected TV (CTV) market. The company’s recent FWD25 event showcased its partnerships with major CTV publishers, emphasizing the growth potential in live sports inventory and the shift towards biddable programmatic advertising. These developments are seen as supportive of Trade Desk’s growth opportunities, despite the increasingly competitive landscape.
Arounian also notes that publishers are prioritizing supply chain optimization and deeper integrations with vendors like Trade Desk, which is viewed as a critical partner. While investor concerns about competition remain, the current trading valuation of Trade Desk shares at approximately 25 times EV/EBITDA presents an attractive risk/reward profile. This combination of strategic partnerships, market positioning, and valuation underpins Arounian’s Buy rating.
In another report released on February 25, Jefferies also reiterated a Buy rating on the stock with a $120.00 price target.