Why The Trade Desk Stock Rallied Again on Tuesday

Shares of The Trade Desk (NASDAQ: TTD) climbed sharply higher again on Tuesday, surging as much as 10.6%, though it ended the trading day up 9.4%.

The catalyst driving the stock higher was a flurry of activity by Wall Street analysts who scrambled to update their price targets on the heels of The Trade Desk's impressive third-quarter financial results.

Before the market open on Monday, The Trade Desk had delivered better-than-expected quarterly results, which came as a surprise to some investors. After Snap sounded the alarm, there were concerns that the debut of Apple's latest privacy features and Alphabet's moves to do away with ad-tracking cookies would weigh heavily on the vast majority of ad-tech stocks.

Source Fool.com