Trade Desk rises after upbeat fourth-quarter revenue forecast

Shares of ad-tech firm Trade Desk TTD.O rise 2.3% to $46.95 premarket after forecasting Q4 revenue above estimates

TTD forecasts Q4 rev of at least $840 mln, compared to$830.2 mln average estimate, per LSEG data

Co cites strong demand for its AI-powered Kokai platform and improving ad spend across verticals

BTIG says Q4 guidance is "another step in the right direction," helped by growth in medical, auto, and tech verticals

Co's Q3 earnings also beat analyst estimates

Jefferies sees potential for 20%+ Q4 growth in upside scenario

TTD operates as demand-side platform, helping brands optimize campaigns across ad exchanges and publishers

Average rating of 40 analysts on the stocks is "buy"; median PT at $68 - data compiled by LSEG

Stock down over 60% YTD, as of last close