Trade Desk Inc (TTD) Gets a Hold Rating from Wells Fargo

By Austin Angelo

In a report released today, Peter Stabler from Wells Fargo maintained a Hold rating on Trade Desk Inc (NASDAQ: TTD), with a price target of $110. The company’s shares closed yesterday at $93.29, close to its 52-week high of $97.87.

Stabler observed:

“We maintain our Market Perform rating on TTD shares but raise our price target to $110 from $88 previously.”

According to TipRanks.com, Stabler is a top 100 analyst with an average return of 33.7% and a 82.6% success rate. Stabler covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, IAC/InterActiveCorp, and Match Group Inc.

Currently, the analyst consensus on Trade Desk Inc is a Moderate Buy with an average price target of $97.30.

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The company has a one-year high of $97.87 and a one-year low of $40.70. Currently, Trade Desk Inc has an average volume of 1.29M.

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The Trade Desk, Inc. provides a technology platform for ad buyers. It offers agencies, aggregators and advertisers technology to manage and display, social, mobile and video advertising campaigns. The company was founded by Jeffrey Terry Green and David Pickles in November 2009 and is headquartered in Ventura, CA.