KeyBanc raised the firm’s price target on Trade Desk (TTD) to $95 from $80 and keeps an Overweight rating on the shares. The firm expects The Trade Desk to report revenue of at least $691M and issue Q3 guidance for about $715M in revenue. In its view, execution is back on track, and KeyBanc expects management to maintain a “beat and guide conservatively” policy. As concerns over execution and Amazon (AMZN) competition subside, the firm believes there is room for multiple expansion.
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