Oppenheimer: Raises the target price of The Trade Desk to US$100, rating outperforms the market

Oppenheimer analyst Jason Helfstein raised the target price of The Trade Desk (TTD.O) from US$95 to US$100 and maintained an outperform rating on the stock. Helfstein said the company’s third-quarter performance was outstanding To improve its leading position in the open network. Helfstein added that the Wal-Mart Demand-Side Platform (DSP) integration between the company and Wal-Mart (WMT.N) is now online, which can provide upside for fiscal year 22 performance expectations.

Article excerpted from the US Stock Research Agency