Piper Sandler analyst Thomas Champion raised the firm’s price target on Trade Desk (TTD) to $65 from $55 and keeps a Neutral rating on the shares. The firm notes the company reported a strong Q1 2025 print following a weaker Q4 2024 result that drove the stock down over 50% year-to-date prior to the print. Piper likes Trade Desk’s model and proximity to the CTV space, but recent ad checks were cautious. The firm also worries about competition from Amazon (AMZN) and others. That said, this result was definitely a step in the right direction, Piper argues.
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Read More on TTD:
- Trade Desk price target lowered to $90 from $110 at Guggenheim
- Trade Desk price target raised to $80 from $60 at Morgan Stanley
- Trade Desk price target raised to $80 from $67 at KeyBanc
- Trade Desk’s Strong Q1 2025 Performance and Strategic Growth Drive Laura Martin’s Buy Rating
- Trade Desk’s Strong Q1 Performance and Strategic Initiatives Drive Upward Revisions and Buy Rating
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