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Stock impact report

The Trade Desk (TTD) Soars 18% on OpenAI Deal Buzz [Yahoo! Finance]

The Trade Desk, Inc. - Class A (TTD) 
Last the trade desk, inc. - class a earnings: 2/27 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.thetradedesk.com
Company Research Source: Yahoo! Finance
The Trade Desk extended its rally to a fourth consecutive day on Thursday, jumping 18.36 percent to close at $29.79 apiece, as investors cheered reports that it is partnering with OpenAI to sell ads on ChatGPT. The supposed partnership was said to be in support of OpenAI's efforts to generate revenues beyond subscriptions and enterprise services, as it targets to book $25 billion in annual revenues solely from advertising. Photo from The Trade Desk website OpenAI was said to have already started ad trials last month through partnering with advertising technology providers to support the effort. Following the report, investment research firm Evercore ISI reiterated its “outperform” rating for The Trade Desk Inc. (NASDAQ:TTD), alongside a price target of $35. The figure marked a 17.5 percent upside potential from its latest closing price. According to Evercore, generative AI engines could represent a significant source of incremental gross spend relative to The Trade Desk Inc Show less Read more
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