Trade Desk price target raised to $86 from $80 at Wedbush

Wedbush raised the firm’s price target on Trade Desk (TTD) to $86 from $80 and keeps an Outperform rating on the shares. The firm notes the Trade Desk reported strong Q1 results and provided healthy Q2 guidance. Management attributed the encouraging top and bottom line performance in Q1 to rising adoption of Kokai and early momentum from investments to improve the platform that the company had made over the last year.