The Trade Desk cleans up: 4 big analyst picks
Investing.com — Here is your Pro Recap of the biggest analyst picks you may have missed today: Buy initiations at The Trade Desk, and upgrades at) shares rose more than 3% in recent trading after two Wall Street firms started the company at Buy, as reported in real time onLoop Capital started coverage of the company with a Buy rating and a price target of $95.00, writing that The Trade Desk as one of the best long-term growth opportunities available to technology and media investors.
While the stock is well recognized and holds a significant value in its domain, say the analysts, they foresee considerable growth potential, suggesting a possible market cap of more than $400 billion in the long run under its bull case scenario. The revised price target of $53 is based on 8.5x 2024 revenue, aligning with Klaviyo's present multiple.
“While we have been Neutral/High Risk rated since we initiated coverage last December, we are now upgrading EDIT to Buy/High Risk, as the company’s current valuation shifts our view on risk/reward more favorably,” commented the analysts.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jordan Ward: Tiny Desk ConcertThe R&B singer performs a set of his most beloved musical moments.
Read more »
Nora Brown and Stephanie Coleman: Tiny Desk ConcertThe two artists perform a set of music full of yearning, joy and history.
Read more »
Jets trade deadline 2023: Positions of need and players they should targetThe New York Jets have needs at the 2023 NFL trade deadline. How aggressive should GM Joe Douglas be about going after them?
Read more »
Former NBA Star Reveals Why Clippers Must Trade for James HardenFormer NBA star Gilbert Arenas wants to see James Harden on the LA Clippers
Read more »
Jay Glazer: Cardinals want to build around Kyler Murray, not trade himNFL insider Jay Glazer joined David Helman to discuss Kyler Murray trade rumors on another segment of 'Ask Glazer' on the 'NFL on FOX Pod'
Read more »
Farm groups call on Australia to not sign 'dud' trade deal with EUFarm groups call on Australia to not sign 'dud' trade deal with EU
Read more »