Trade Desk price target raised to $105 from $80 at Piper Sandler

Piper Sandler raised the firm’s price target on Trade Desk to $105 from $80 and keeps an Overweight rating on the shares. Trade Desk is back to its normal cadence of beat and raises, as Q4 results came in well ahead of expectations and Q1 guidance was above consensus, the analyst tells investors in a research note. The firm continues to view Trade Desk as a unique asset within digital advertising.