Citi analyst Ygal Arounian raised the firm’s price target on Trade Desk (TTD) to $90 from $82 and keeps a Buy rating on the shares following positive checks at Cannes and a media buyer survey that left the firm “incrementally positive” on Trade Desk’s leadership position. While noting that Amazon DSP (AMZN) “did show well” in the survey of 40 large media buyers regarding the DSP landscape, Trade Desk’s strength “stands out and there was solid support for Kokai,” says the analyst, who adds that the survey found Trade Desk to be “the clear market share leader” and best performing DSP across key qualities.
Claim 55% Off TipRanks
New trading tool for AMZN bullsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TTD:
- ‘Don’t Worry About Amazon Taking Market Share,’ Says Evercore about TTD Stock
- Private Markets: Prediction market unicorns raise funds
- Nike, Boeing and Alphabet upgraded: Wall Street’s top analyst calls
- 3 Best Stocks to Buy Now, 6/27/2025, According to Top Analysts
- The Trade Desk’s Strategic Positioning and Growth Prospects Justify Buy Rating