Pulse of The Market: Tuesday’s 10 Top Performers

5. The Trade Desk Inc. (NASDAQ:TTD)

The Trade Desk rallied for a fifth straight day on Tuesday, adding another 4.48 percent to close at $62 each after the Citi Group maintained its positive outlook for the company.

TTD, a multinational technology company, earned a Buy rating and a $70 price target from Citi. The new price target represented a 12.9-percent upside from its latest closing price.

According to Citi, despite Amazon’s heightened efforts to enhance its own demand-side platform, it does not pose a full-scale challenge to TTD’s market position.

According to Citi, TTD’s product quality, stronghold in the CTV market, and agency relationships remain solid, contributing to its positive performance.

It added that TTD’s continued growth and valuation hinges on the total addressable market development and its capability to capture incremental biddable programmatic budgets.