Analyst Says Trade Desk Can Shake Off Challenges, Ride Streaming's Next Big Wav

Crockett initiates coverage of TTD with Buy rating and $77 price target. Despite macro concerns and competition, TTD is well-positioned in AdTech's growth, driven by CTV and programmatic. Stock has dropped due to Q4 miss but consensus estimates for growth remain positive. TTD is a leading DSP with a history of strong growth. Crockett projects Q1 revenue of $578.7 million and EPS of $0.25. TTD stock currently at $54.61.