1 Wall Street Analyst Thinks The Trade Desk Stock Is Going to $150. Is It a Buy?

The shares have climbed 67% this year and already trade at a high valuation.Shares of The Trade Desk (TTD -0.85%) have been on fire in 2024. Despite its premium valuation, investors are still bullish on the company's prospects as its stock hits new highs above $120 per share.Wells Fargo analyst Alec Brondolo initiated coverage this week with an overweight (buy) rating and a$150 price target, implying upside of 25%. Four in five analysts rate the stock as a "buy" or "strong buy" with an average price target ...