Can The Trade Desk Keep Going After Last Week's 10% Pop?
The Trade Desk (NASDAQ: TTD) is reshaping the ad market, and it's also doing a pretty good job of reshaping portfolios. The Trade Desk stock moved 10% higher last week after SunTrust analyst Youssef Squali upgraded the stock from hold to buy. Shares of the fast-growing player in programmatic advertising have now nearly doubled in 2017, but Squali's move is actually more of a reaction to recent weakness in The Trade Desk.
The stock took a hit last month after offering up disappointing guidance for the fourth quarter. With shares kicking off last week 33% below October's all-time highs, Squali's decision to stick with his earlier $58 price target warranted the shift from neutral to bullish at current levels. It's not the ideal way to earn a nod from a Wall Street pro, but investors will take it as The Trade Desk wraps up its first full year as a public company.
Image source: The Trade Desk.
Source: Fool.com
Trade Desk Inc Aktie
Trade Desk Inc erfreut sich großer Beliebtheit, mit einer hohen Zahl an Buy- und niedriger Zahl an Sell-Einschätzungen.
Das Kursziel von 97 € für Trade Desk Inc zeigt eine leichte Steigerung gegenüber dem aktuellen Kurs von 91.56 € an.
