20 Trending AI Stocks on Latest News and Ratings

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16. The Trade Desk, Inc. (NASDAQ:TTD)

Number of Hedge Fund Holders: 46

The Trade Desk, Inc. (NASDAQ:TTD) is an American multinational technology company specializing in real-time programmatic marketing automation technologies, products, and services. The technology company has been leveraging the power of AI since 2018, to increase ROI for its customers. The company’s new Kokai platform uses AI and has shown encouraging acquisition cost results and solid performance.

Citi analyst Ygal Arounian maintained a positive stance on The Trade Desk, Inc. (NASDAQ:TTD), and increased its price target to $140.00 from the previous target of $115. The analysts expressed increased confidence in the sustained growth potential of Connected TV (CTV) and Retail Media and Trade Desk’s prominent role in both sectors.

Similarly, analysts at Stifel Nicolaus raised the price target for The Trade Desk, Inc. (NASDAQ:TTD) from $111 to $136 and kept a “Buy” rating on the shares. In a Q3 preview for the digital advertising sector, the analysts mention that the firm’s checks indicate stronger-than-expected growth in the third quarter ahead of the agency’s initial forecasts, expecting it to carry into Q4 with the U.S. election advertising environment ramping and “a fairly robust holiday season”.

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