Oppenheimer Raises The Trade Desk (TTD) Target on Strong Growth Forecasts

The Trade Desk, Inc. (NASDAQ:TTD) ranks among the best growth stocks to buy for the next 10 years. On July 29, Oppenheimer maintained its Outperform rating on the stock and increased its price target on The Trade Desk, Inc. (NASDAQ:TTD) from $80 to $110. The firm stated that it does not anticipate any impact from Amazon DSP and claimed a more positive tariff outlook for the second half of 2025.

From earlier projections of 10% and 12%, respectively, Oppenheimer is now predicting third-quarter revenue growth of 15% and fourth-quarter growth of 17%. This is a 23% increase above the 19% growth in the second quarter, excluding political advertising.

Due to the much-discussed problems with the fourth-quarter 2024 Kokai roll-out, the firm stated that when political advertising is taken out of the equation, fourth-quarter comparisons are 4 percentage points easier than the second quarter.

The Trade Desk, Inc. (NASDAQ:TTD), a leading supplier of advertising technology, specializes in offering advertising solutions to digital marketers. Advertisers may plan, manage, and optimize their digital ad campaigns across various platforms and channels using its self-service, transparent software and cloud-based platform.

While we acknowledge the potential of TTD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.