Why The Trade Desk's Stock Is Trading Higher Today

The Trade Desk, Inc. TTD shares are trading higher after several firms maintained bullish ratings on the stock and raised their price targets, respectively, following the company's Q2 earnings results.

The Ratings:

• Keybanc Maintains Overweight on Trade Desk, Raises Price Target to $90
• Oppenheimer Maintains Outperform on Trade Desk, Raises Price Target to $95
• Stephens & Co. Maintains Overweight on Trade Desk, Raises Price Target to $92
• Rosenblatt Maintains Neutral on Trade Desk, Raises Price Target to $60
• DA Davidson Maintains Buy on Trade Desk, Raises Price Target to $95
• Susquehanna Maintains Positive on Trade Desk, Raises Price Target to $105
• Truist Securities Maintains Buy on Trade Desk, Raises Price Target to $92

The Trade Desk operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns in various ad formats and channels.

The stock was trading about 9.5% higher at $89.05 per share on Tuesday at the time of publication. The stock has a 52-week high of $97.28 and a 52-week low of $40.85.