© Reuters Today’s most important initiations
By Davit Kirakosyan
The Trade Desk (NASDAQ:) shares gained more than 5% today after Piper Sandler initiated coverage on the company with an Overweight rating and a price target of $60.00. According to the analysts, the company is strategically positioned to benefit from the demand for data-driven solutions and the rise of connected TV (CTV), leading to market share gains.
Credit Suisse assumed coverage on Oracle (NYSE:) with an Outperform rating and a price target of $115.00.
Cantor Fitzgerald initiated coverage on Rivian Automotive Inc (NASDAQ:) with an Overweight rating and a price target of $30.00. The analysts believe the company benefits from a differentiated product offering, strong backing from Amazon (NASDAQ:), and a proprietary charging network.
Credit Suisse assumed coverage on Salesforce (NYSE:) with an Outperform rating and a price target of $225.00.
Credit Suisse assumed coverage on ZoomInfo Technologies (NASDAQ:) with an Outperform rating and a price target of $55.00.
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