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Benchmark Analyst Upgrades Trade Desk (TTD) to Buy After Strong Q3 Performance

Benchmark Analyst Upgrades Trade Desk (TTD) to Buy After Strong Q3 Performance

Author:

Global Cryptocurrency

Published:

2025-11-07 22:58:03

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BTCCSquare news:

Mark Zgutowicz of Benchmark upgraded Trade Desk (TTD) from Hold to Buy with a $65 price target, citing improved industry growth prospects despite macroeconomic headwinds. The ad-tech firm's Q3 revenue—excluding election-related spending—rose 22% YoY, fueled by connected TV, retail media partnerships, and international expansion.

TTD shares nonetheless fell 6.3% post-earnings amid broader market weakness and capex concerns. The stock remains down 63% YTD as investors weigh competition risks and advertising budget volatility.

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