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The Trade Desk (TTD) Soars 22.9% on OpenAI Partnership
Yahoo Finance· 2026-03-08 00:52
Core Insights - The Trade Desk Inc. has seen a significant increase in its stock price, rising by 22.9% week-on-week due to a deal with OpenAI for advertising on ChatGPT [1] - OpenAI aims to generate $25 billion in revenue from advertising, expanding beyond its current subscription and enterprise models [1] - Evercore ISI has reiterated an "outperform" rating for The Trade Desk with a price target of $35, indicating confidence in the company's growth potential [3] Financial Developments - The Trade Desk's gross spending is reported at $13.4 billion, with generative AI engines expected to contribute significantly to incremental gross spending [4] - CEO Jeff Green increased his stake in The Trade Desk by acquiring $148 million in shares between March 2 and 4, 2026, at prices ranging from $23.49 to $25.08 per share [5]